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Date: October 16
Time: 10:30AM - 4:00PM
Overview:
Cyber threats continue to evolve, presenting a growing challenge for businesses of all sizes. While larger enterprises have more dedicated resources to manage cyber risks, many organizations—SMEs in particular—struggle to access adequate coverage and are often seen as high-risk, low-reward clients for cyber insurance providers. The limited appetite for providing coverage stems from concerns over the increasing severity and frequency of cyberattacks, coupled with the perception that SMEs do not prioritize cybersecurity investments and lack awareness about the necessity of cyber insurance. Additionally, many SMEs view cyber insurance as an unnecessary and expensive cost, choosing instead to allocate resources toward high-growth activities.
However, advancements in technology can bridge this gap by educating companies on the importance of cyber resilience, making them more attractive clients for insurers. By fostering partnerships between cyber insurers and cybersecurity providers, a comprehensive approach can be developed—combining education, security solutions, and risk transfer mechanisms. This creates a total package that enhances the insurability of all companies, particularly SMEs, while unlocking a significant, untapped market that can be highly profitable for both insurers and cybersecurity firms.
