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Preparing for cyber insurance

A guide to help organisations understand their cyber risks and possible cyber insurance

A group of European industry bodies has published a guide to help organisations understand their cyber risks and potential need for cyber insurance.

The guide Preparing for cyber insurance outlines how organisations with an interest in accessing cyber insurance can best prepare for discussions with insurance intermediaries and insurers. It also provides tools to help organisations evaluate cyber insurance offers and how they may translate in practice. 

Jo Willaert, president of The Federation of European Risk Management Associations (FERMA), commented: “This guide is the first of its kind, and is a joint effort by risk managers, insurers and intermediaries to help organisations effectively discuss their cyber insurance needs. Our ambition is to support insurance buyers in selecting the insurance solutions that are the best adapted to their needs.”

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