Cyber Risks Insurance: Law and Practice

• Clear instructions on how to analyse cyber threats, conduct a cyber security assessment, and obtain the required insurance coverage to defend yourself.
• The Lloyd's Market Association, the International Underwriting Association, and other key industry organisations have released sample exclusion clauses.
• Includes a number of useful provisions on topics including cyber non-aggregation, information technology risks, terrorism, ransomware, and cyber-attacks. Examines the modelling of cyber hazards and the underwriting of cyber risks in depth.
• Examines the GDPR regime and new compliance procedural requirements, as well as the criterion for data breach reporting and fine insurability.
• Examines silent cyber exposure, coverage, and exclusions (e.g. CL380 and NMA2914/5) across all lines of insurance, including property, construction, marine, and liability.
• Examines cyber events, claims difficulties, and the growth of court battles in this area, including a comparison of recent US cases.
• Addresses first party coverage issues including those relevant to network security breaches.
• Discusses the extent of cyber crime coverage including the crimes of extortion and fraudulent transfer of funds, among others.
• Explains business interruption coverage and key issues such as gross profit and revenue, period of coverage, trends clauses, and extended reputation coverage.
• Commentary on third party liability coverage including privacy and media liability issues.
• Outlines the state of the standalone cyber insurance market along with the growing risks and future developments.
• Written from a UK perspective with additional analysis of the most relevant US cases as well as the legal positions in Australia and New Zealand.

TABLE OF CONTENTS of Cyber Risks Insurance