Can cyber underwriters overcome a lack of data in a post-COVID-19 world?

From its inception, cyber underwriting has faced difficult challenges including a limited amount of historical data. Now, partly driven by the global pandemic, an increase in cyber threat levels and demand for protection could represent a prime opportunity for a rethink. Jack Kudale, Cowbell Cyber founder and CEO, highlights key things to consider in such a change.

With digital operations ramping up all the time, accelerated by the coronavirus pandemic, cyber insurance has moved up the agenda for many businesses. Intelligent Insurer caught up with Cowbell Cyber founder and chief executive officer Jack Kudale ahead of the Intelligent Insurer webinar ‘Meet the Ever-Growing Demand for Resilient Cyber Protection: Overcome a Lack of Data and Enhance Data with Additional Information’, which is on Tuesday May 26th at 4pm GMT/11am ET.

Question: What are you looking forward to discussing during the webinar?

Jack Kudale (JK): The cyber insurance market is growing rapidly and yet there is a lack of historical data in terms of cyber underwriting. The webinar’s expert panel on cyber will be talking about how underwriters are managing that process of understanding and how they are able to understand the risk and price the policies without any historical data.