Cyber Risk Insurance Market’s Growth Is Focus of Oct. 13 Panel

For immediate release
Michael Barry, 917-923-8245, michaelb@iii.org

NEW YORK, Oct. 7, 2021—Sean Kevelighan, CEO, Insurance Information Institute (Triple-I) is joining a virtual panel on Wednesday, Oct. 13, at 11 a.m., ET, to brief public policymakers on ways to build a robust cyber risk insurance market.

Presented by Indiana University’s (IU) Ostrom Workshop and IU’s Cybersecurity Risk Management Program in collaboration with The Institutes Griffith Insurance Education Foundation, the panel discussion on Oct. 13 can be viewed free of charge by public policymakers who register online in advance. It is one of three Cybersecurity Policy Bootcamp sessions the two organizations are co-hosting in October as part of Cybersecurity Awareness Month.

“To allow businesses to operate safely in an increasingly interconnected world, insurers are working closely with their commercial customers to mitigate cyber risks and to make sure businesses have the right types, and amounts, of cyber insurance,” Kevelighan stated. “However, as we are seeing increasing uncertainty in the extensiveness of cyber risk, it is also essential that we better understand the role government needs to play in particular around law enforcement and international diplomacy. A balanced public-private partnership that recognizes where insurance can be a helpful financial responder, and how government is an essential preventative tool, will be critical to helping mitigate the ever-increasing cyber risks we are facing in the world.”

The one-hour session on Oct. 13 will focus on Deepening Partnerships Between States, the Federal Government, the Private Sector, and Academia to Build a Robust Cyber Risk Insurance Market.

The Triple-I’s Kevelighan will be on the panel along with three other subject matter experts:

• Elizabeth Kelleher Dwyer, Esq., Superintendent of Financial Services, State of Rhode Island, Department of Business Regulation
• Scott J. Shackelford, JD, PhD, Chair of the Cybersecurity Program, Indiana University, Bloomington
• Douglas Swetnam, Section Chief Data Privacy & Identity (ID) Theft, State of Indiana, Attorney General’s Office

Frank Tomasello, executive director, The Institutes Griffith Insurance Education Foundation, will be the panel’s moderator. In keeping with the educational missions of IU and The Institutes Griffith Insurance Education Foundation, the Cybersecurity Policy Boot Camp sessions are purely instructional in nature and will not support a position on any issues.”

RELATED LINKS:

Article: Cyber Liability Risks
Video: Seven Cybersecurity Tips to Safeguard Your Business
White Paper: Triple-I, J.D. Power 2019 Small Business Cyber Insurance and Security Spotlight Survey

The Triple-I has a full library of educational videos on its YouTube Channel. Information about Triple-I mobile apps can be found here.