Applied Net 2019: Cyber could become the next PPI, warns Mistry
BHIB chairman, Ashwin Mistry, says cyber insurance can become an "un-selling scandal" and explains why he is not worried about disruption coming from the InsurTech sector.
Ashwin Mistry, chairman of BHIB, has expressed concern that cyber insurance could become an “un-selling scandal” if the insurance industry does not step up its game.
Speaking to journalists at the Applied Net conference, Mistry detailed: “I believe cyber could become the next PPI [payment protection insurance], not in terms of a mis-selling scandal but a non-selling scandal.
“There are issues. We have to cover customers’ needs in a transparent way.”
Mistry explained that one of the problems
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