A.M. BestTV: Cyber Coverage Goes It Alone
“The NAIC actually introduced a supplement in 2015, which basically had two sections in it,” Eslami said. “One was cyber security, and the other one was identity theft. A.M. Best’s special report is exclusively based on the cyber security information that the companies provided. This is only relevant to
Eslami also spoke about some of the advantages of writing this coverage on a stand-alone basis.
“The transition from packaged to stand-alone is a positive one, because standalone allows companies to define their policy languages better, to actually define the limits more accurately,” he said. “Ultimately, it would help them to achieve a reasonable pricing and reserving. Furthermore, the information that can be gained from that would help the modelers to refine their modeling tools, which would ultimately result in better aggregation, and hopefully, better risk management in general.”
To access a copy of this Best’s Special Report, titled, “Cyber Line Expected to be One of the Leading P/C Growth Areas,” visit http://www3.ambest.com/bestweek/purchase.asp?record_code=263055.
Recent episodes of A.M.BestTV include:
- 265 Years Later, a Revolutionary Idea Continues to Thrive: A look into the insurance roots of
Philadelphia, PA , shows a city that begat an industry that helped support a nation's growth: http://www.ambest.com/v.asp?v=philadelphia717. - Insurers React to Changes to
U.K. Discount Rate:A.M. Best Senior Director, AnalyticsCatherine Thomas , examines a recent Best’s Briefing on changes in theOgden rate, which is applied to claims for personal injury compensation in theU.K. These changes have forced some insurers to adjust their reserves and rates: http://www.ambest.com/v.asp?v=ukdiscountrate617. - Insurers in the GCC Region Brace for Impact of New Tax:
Aneela Mather-Khan , financial analyst,A.M. Best , examines a new report on the possible impacts a new value-added tax will have on theGulf Cooperation Council member states’ insurance markets: http://www.ambest.com/v.asp?v=gccvat617. - Insurers Show Continued Interest in Private Placements:
A.M. Best Senior Industry AnalystJason Hopper reviews a new report that examines insurers' increased holdings in private placement and 144a holdings: http://www.ambest.com/v.asp?v=assetallocations617.
A.M.BestTV covers exclusive
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