Cyber Summit 2021
Online
June 09 - 10, 2021
DAYS UNTIL THE CONFERENCE
About Cyber Summit 2021
June 09-10, 2021
When assessing the global risks in 2021, the increase in cyberattacks due to the failure of cybersecurity is at the forefront of organisational risk. Cyberattacks are not only seen as a relatively new weapon of mass destruction but are also highlighted as a means for serious interstate conflict with global consequences.
Furthermore, as attacks continue to evolve, cyber insurance coverage is being sought out to minimise the financial impact and risk from cyber-attacks. Following reinsurance renewal discussions, insurers were detailing plans of 20%-30% rate increases in cyber, signalling a rapid evolution in the cyber insurance market.
Insurance Insider’s inaugural Cyber Summit will bring together the very best minds in global Cyber Re/Insurance across two days, to address the most fundamental challenges facing the industry and provide an outlook of the future of the cyber reinsurance market.
Key topics for discussion include:
- Assessing the Landscape: Reasons to be Positive?
- Modelling the Future of Cyber Risk
- Cyber and Claims: Responding to the ‘New Normal’
- The Cyber Reinsurance Market: Stepping up to the Plate
- Cyber, Technology & Innovation: Staying Ahead of the Hackers
Key panel of expert speakers includes:
- Pascal Millaire, Chief Executive Officer, CyberCube
- Will Wright, Partner, Paragon
- Michael Shen, London Head of Cyber & Technology, Canopiu
- Graeme King, Managing Director - Cyber, Volante Financial & Professional Lines
- Richard Spotswood, Head of Cyber & Technology, Arch Insurance
- Caspar Stops, Head of Cyber & Technology, Optio Group
- Siobhan O'Brien, International Cyber Center of Excellence, Guy Carpenter
- Geoff White, CEO, Tarian Underwriting
- Graeme Newman, Chief Innovation Officer, CFC Underwriting
- Peter Smith, Cyber and Technology Underwriting Manager, AXIS Global
- Luke Johnson, Head of Cyber Claims, Canopius
Welcoming remarks
2:00 – 2:05pm
Catrin Shi, Managing Editor, Insurance Insider
Opening Keynote Panel: Assessing the Landscape: Reasons to be Positive?
2:05 – 3:05pm
Moderator: Casper Stops, Head of Cyber & Technology, Optio Goup
Panellists:
Graeme King, Managing Director - Cyber, Volante Financial & Professional Lines
Richard Spotswood, Head of Cyber & Technology, Arch Insurance
Caspar Stops, Head of Cyber & Technology, Optio Group
Will Wright, Partner, Paragon
Michael Shen, London Head of Cyber & Technology, Canopius
- Is the cyber market heading for a multi-year correct in rates?
- Will rate increases in cyber be greater than any other line of business in 2021?
- How are ransomware attacks evolving and how prevalent is this threat now?
- What effect is it having on clients’ decision-making (either buying cover or responding to crises)?
- What are the new and emerging cyber risks globally? Is ransomware still the biggest threat?
- How are insurers/brokers differentiating themselves on cyber (e.g. consultancy, advice)?
- Are we creating an environment for the insured to rely on cyber insurance rather than mature their cyber hygiene?
Fireside Chat with Pascal Millaire, Chief Executive Officer, CyberCube
3:10 – 3:25pm
Moderator: Catrin Shi, Managing Editor, Insurance Insider
Networking Break
Panel: Modelling the Future of Cyber Risk
3:55 – 4:40pm
Moderator: Samuel Casey, Senior Reporter, Insurance Insider
Panellists:
Souki Chahid, Principal Client Product Advisor, CyberCube
Justyna Pikinska, Head of Analytics Speciality Line, Gallagher Re
Benjamin Dean, Cyber Catastrophe Lead, Hiscox
- How reliable do you think current cyber event models are for assessing risk exposure?
- How are cyber models evolving in order to understand a range of extreme scenarios which can be planned for and ultimately support the solvency of the industry?
- How will SolarWinds impact what is already a very competitive market?
- How can we address current limitations in data collection to improve the value and insight models provide to the P&C market?
- What parallels can be drawn between cyber risk and Covid-19 when it comes to building models to designed to mitigate the impact if systemic risks?
- Which types of cyber events might be suitable for the private sector to manage versus those that should be helped by the public sector?
Panel: Cyber and Claims: Responding to the ‘New Normal’
4:45 – 5:30pm
Moderator: Catrin Shi, Managing Editor, Insurance Insider
Panellists:
Luke Johnson, Head of Cyber Claims, Canopius
Tony Kriesel, Senior Claims Underwriter, Hiscox London Market
Helga Munger, Senior Cyber Claims Manager, Munich Re
Rich Savage, Cyber Practice Leader, RiverStone
- How is the role of claims evolving to accommodate the ever-changing nature of cyber risk?
- How is the market handling cyber claims differently than the more traditional classes of business?
- What are the gaps and risks from a claims perspective when trying to handle cyber business?
- How can effective claims handling differentiate yourself in very competitive market?
Closing remarks and end of day one
5:30pm
Catrin Shi, Managing Editor, Insurance Insider
Day Two - Thursday 10 June
Welcoming remarks
2:00 – 2:05pm
Catrin Shi, Managing Editor, Insurance Insider
Panel: The Cyber Reinsurance Market: Stepping up to the Plate
2:05 – 3:05pm
Moderator: Fiona Robertson, Managing Editor, Trading Risk
Panellists:
Siobhan O'Brien, Head of Cyber Centre of Excellence for International and Global Specialties, Guy Carpenter
Johnny Fraser, Reinsurance Broker, Gallagher Re
Sam Kramer, Vice President, Reinsurance, Corvus Insurance
- What did you see at 1/3 renewals?
- Will actions taken by cedants on rate and terms be enough to tackle the challenge of rising loss ratios in the class?
- Is the cyber reinsurance market mature enough to support the ambitions of the market on cat-risk?
- How can reinsurers work more collaboratively with cedents to mitigate cyber risks and close the cyber protection gap with sustainable covers?
- How have concerns around aggregation risk come up against availability of reinsurance capacity?
- How can reinsurers support the primary markets growth ambitions with both proportional and non-proportional treaties, as well as facultative reinsurance? Where do opportunities lie for reinsurers in this space?
Fireside chat with Richard Holmes, Senior VPC and Leader UK Cyber, CGI
3:10 – 3:25pm
Moderator: Catrin Shi, Managing Editor, Insurance Insider
Networking Break
Panel: Cyber, Technology & Innovation: Staying Ahead of the Hackers
Closing remarks and end of conference
Catrin Shi, Managing Editor, Insurance Insider
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