New Cyber Hub Announced for The BIBA Conference 2024

LONDON, England, April 5 -- The British Insurance Brokers' Association issued the following news release:

For the first time at its annual conference, the British Insurance Brokers' Association (BIBA) has collaborated with CFC to co-design and deliver The Cyber Hub for BIBA members, an exciting new feature for #BIBA2024. Sponsored by CFC, The Cyber Hub will offer attendees an immersive tech experience showcasing the latest in cyber technology, expert insights, case studies, and an interactive 'beat-the-hacker' game.

The urgency for cyber resilience has never been more apparent, following the UK Government's estimation of approximately 2.39 million instances of cybercrime and 49,000 instances of cyber fraud affecting UK businesses in the last year2. The Cyber Hub will support members and conference attendees by taking them on a journey to discover:

* The importance of cyber insurance and why it's essential for any business

* Strategies to effectively sell cyber insurance and overcome common client objections

* Essential components of a robust cyber policy

* The future of cyber insurance including proactive cyber.

Drawing upon over 20 years of expertise, CFC will provide attendees with unparalleled access to their team of cyber underwriters, security experts, incident responders, and claims adjusters.

Shaune Worrall, Deputy Head of General Insurance at BIBA commented: "Not everyone is confident to talk cyber insurance. The Cyber Hub is a relaxed space for brokers to learn about the pro-active levers that can help their clients prevent and recover from cyber attacks. The experts will de-bunk some myths and show how accessible cyber insurance as a service really is."

Pat Brice, Distribution Director at CFC, added: "As BIBA's official cyber scheme provider for 20 years, we're delighted to sponsor the Cyber Hub, a space for all brokers to develop their cyber knowledge. We're looking forward to taking brokers on a journey in this immersive experience and equipping them with the expertise and skills to educate clients on cyber threats and the critical value of cyber insurance."

The Cyber Hub is open to all attendees who can expect an enriching experience that will empower them to navigate the complex landscape of cyber risks with confidence. It will be located in the foyer of Manchester Central at The BIBA Conference on 15 and 16 May 2024.

1. Statistics from Cyber security breaches survey 2023 - GOV.UK (www.gov.uk)

2. Privacy

BIBA's privacy policy can be viewed here (https://www.biba.org.uk/privacy-policy/)

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1. About the British Insurance Brokers' Association

The British Insurance Brokers' Association (BIBA) is the UK's leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.

BIBA membership includes around 1800 regulated firms, employing more than 100,000 people. General insurance brokers contribute 1% of GDP to the UK economy; they arrange 77% of all general insurance with a premium totalling pound sterling105.5bn and 94% of all commercial insurance business. Insurance brokers put their customers' interests first, providing advice, access to suitable insurance protection and risk management.

BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.

BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.

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1. About CFC

Headquartered in London with offices in New York, San Francisco, Austin, Brussels and Brisbane, CFC has over 875 employees and is trusted by more than 150,000 businesses in 90 countries.

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Original text here: https://www.biba.org.uk/press-releases/new-cyber-hub-announced-for-the-biba-conference-2024/