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Expert Analysis

Exploring The Need For Standalone Cyberinsurance Products

By Daniel Cotter (May 30, 2017, 3:50 PM EDT) -- At the annual RIMS Conference in Philadelphia in late April 2017, JLT Re and JLT Specialty Limited released a report, "JLT Re Viewpoint: Unlocking the potential of the cyber market,"[1] in which they advocate for the increased use of standalone products in the cyberinsurance market. This article describes what a standalone cyberinsurance product is and then addresses some of the issues insurers and the insurance market should consider when drafting standalone insurance policies....

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