Cyber Insurance is growing up: a look at a changing landscape
The Cyber Insurance market is maturing before our eyes: pricing becomes more accurate as more data comes in, and overall structures move towards more sustainable models. Threats continue to grow and the product is more relevant than ever before, but how to balance the needs of insured, brokers and underwriters and reach common-good solutions? Let’s deep dive into this episode hosted by Margaret Rose and Adriana Garcia. Margaret is based in NYC. She began her career with SCOR as an underwriter for Professional Liability and Cyber in 2016. Previously, she worked as an underwriter for Axis and Tokyo Marine. She has also an MBA in Finance, from the New York University. Adriana is an Assistant Vice President and Senior Underwriter on the Financial Lines team. She started with SCOR in May and is based in the Chicago office. She handles a broad range of risks including Cyber, Technology E&O, and Professional Liability . Adriana joined from AXIS Capital, where she handled large complex risks on the Global Tech & Cyber team. She is a graduate of the University of South Carolina with a Bachelor’s degree in Political Science. If you are interested in these Cyber topics or if you want to have an introduction of main concepts, please check out our Liability focus episode “Cyber (re)insurance in the US: a market in transition” Bill Kaplan and Margaret Rose share their views on insurance and reinsurance cyber markets in the US.
Introduction to ESG & focus on the (re)insurance industry
ESG, CSR, two terms that we hear more and more in our personal and professional lives. What do they stand for and why are they so important today in business strategies? Paul Nunn, Senior Advisor in charge of ESG strategy for SCOR P&C, introduces and differentiates these themes, with examples and use cases. He then explains the various innovations and trends that we will face in the near future from sustainable and social aspects, and with a focus on the (re)insurance industry. Green hydrogen, wind farms, energy efficiency, carbon capture, etc. If you are not yet comfortable with these topics, find out what they could bring to your business in this 15min podcast. Before his current position, Paul was responsible for pricing catastrophe risk on inwards business, and accumulation of catastrophe loss potential for natural hazard perils globally. Alongside his role at SCOR P&C, Paul is a director of the non-profit Oasis Loss Modelling Framework company, an open source platform for developing, deploying and executing catastrophe models. He is also actively participating in the Insurance Development Forum working group on Risk Modelling & Mapping, which seeks to improve global understanding and quantification of disaster risk, particularly in developing countries.