Shifting the exposure: why COVID-19 may help tackle silent cyber

Could a common language break the silence in a world where COVID-19 has forced the market to address policies that were created in a pre-digital age? Experts from Swiss Re, Markel, and Capgemini debated the evolution and challenges of silent cyber.

The issue of ‘silent’ cyber requires a far wider risk dialogue, particularly when the lack of standardisation that still exists in most types of policies is considered. However, given that the world has in some ways become a smaller place thanks to the virtual reality we all entered during the pandemic, there might be an opportunity for the market to come together and tackle the ambiguity and uncertainty that still exists.

That was one of the main points from a panel discussion titled “Insurers grapple with a new (and rapidly changing) landscape” held on Intelligent Insurer’s Re/insurance Lounge, an online platform where interviews and panel discussions are available on demand.

The event featured Kassie Bryan, head P&C Solutions Americas, Swiss Re; Seth Rachlin, global insurance industry leader, Capgemini; and Scott Bailey, divisional managing director of cyber, Markel International.