Home Authors Posts by Karoline Buedel
The insurance industry has always been considered a chameleon. It balances between the needs of its customers and legal and technical changes. A tense relationship that often raises questions. As is currently the case with commercial insurance.
The first step in assessing cybercrime risks is to form a powerful team around the IT staff. The assessment is carried out, for example, using cyber-hygiene checks, risk planning and modelling and the comparison of hypothetical risk scenarios in the company.
When it comes to digitization, company executives are literally rolling over with promises about the potential of technology. However, safety often falls by the wayside. Many computer systems are not properly prepared for attacks - let alone insured against cyber attacks.
In the SME segment, commercial and industrial insurers have many opportunities to win new customers and thus increase their premium income. However, this area in particular is undergoing major change.