In-depth - cyber: The future of cyber
Driverless cars, smart lightbulbs, smart thermostats and data are all hackable. Brokers have a key role to play in protecting customers against this type of cyber risk, writes Rachel Gordon
Cyber is so smoking hot experts believe sales of insurance will skyrocket, meaning vast opportunities for brokers and insurers.
But while there is a huge amount of potential, there are unknown and unquantifiable risks and so some may well end up scorched. As shown with the directors’ & officers’ fallout, which occurred in the US following Enron, any new and fast-growing class of business can result in casualties.
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For brokers, cyber means there is an expanding role for the
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