Risk In Cyberspace: Insuring Against The Digital Danger

New document from Canada’s life and health insurers provides blueprint

Toronto, ON (June 26, 2014) – The threat posed by online criminals and fraudsters is worsening all the time. Companies have to protect themselves against a variety of risks, including data loss, fraud, website hacking, and theft of intellectual property or identities. They are increasingly turning to cyber insurance policies as a part of their enterprise risk management security strategy.

The market for such policies is gaining traction and, given the ever-changing nature of the risk and potential exposures, actuaries are playing an indispensable role on behalf of insurers, brokers, and risk.

From Seeing Beyond Risk, the quarterly electronic publication from the Canadian Institute of Actuaries (CIA).

Read the full article (PDF) via the CIA website.

About the Canadian Institute of Actuaries

The Canadian Institute of Actuaries (CIA) is the national organization of the actuarial profession. Member driven, the Institute is dedicated to serving the public through the provision, by the profession, of actuarial services and advice of the highest quality. In fact, the Institute holds the duty of the profession to the public above the needs of the profession and its members.

The CIA:

  • Promotes the advancement of actuarial science through research;
  • Provides for the education and qualification of members and prospective members;
  • Ensures that actuarial services provided by its members meet extremely high professional standards;
  • Is self-regulating and enforces rules of professional conduct; and
  • Is an advocate for the profession with governments and the public in the development of public policy.