Worries About Implementing Lloyd’s Plan to Exclude Acts of War from Cyber Insurance 

Concerns include clauses provided by Lloyds that define a “primary but not exclusive factor” for triggering an exclusion as a national government confirming it’s been hit by a nation/state cyberattack.

“Those claims [coming from smaller enterprises] cannot wait six months for an insurer to work out whether it was a nation state attack or not, therefore attribution needs to happen a lot quicker,” said one expert.

Source: Insureds “cannot wait” for government cyber warfare declarations | Insurance Business UK

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.