Cyber row continues as ABI responds to Mactavish
ABI director general Huw Evans says Mactavish has “fundamentally misinterpreted” how cyber products are provided, after the insurance governance expert called on the industry for a guarantee that eight particular policy flaws won’t be used as reasons for claims refusals.
Huw Evans, director general of the Association of British Insurers (ABI), has stated that he simply does not accept some of the suggestions about the cyber insurance market made by insurance governance consultancy, Mactavish.
Last week Mactavish chief executive officer Bruce Hepburn called on the ABI, insurers and brokers to guarantee that eight common flaws that the firm had found in cyber insurance policies will never be used as reasons to refuse pay-outs on cyber insurance claims in an open
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