Description

Since the last gathering of the Cyber Insurance Working Group, the members divided into Sub Groups to look at specific areas of the user journey, when accessing the new Guidelines. At this meeting, the members of the Sub Groups will feedback to the Main Group on their thoughts and recommendations with views on how the Guidelines / E-Platform should start to take shape.

This unique and enormously valuable Focus Group is helping to create a Standard, used by the Police to advise SME businesses on the best approach to Cyber Insurance, but also create an opportunity for participants to build a valuable relationship with the Police who interface with thousands of businesses through the UK.

Background

The ABI produced a Guide 4 years ago, but the Police feel that times have moved on since then, in terms of cyber and it’s time we pulled some industry heads together to come up with a new viewpoint. It’s nice to think the Police Digital Security Centre have approached LMForums and therefore the London Market to help gain a better understanding of this class of business and how best they can advise those wishing to purchase cyber coverage.

Ideally we’d like to establish a definition of what “a good’ cyber policy looks like (in addition to producing a London Market styled alternative to the ABI guide) and help the Police understand how best to guide businesses towards the most appropriate providers/coverage for different types of business – from start ups to mid sized enterprises.