GDPR's Reporting Mandate May Fuel Fledgling Cyber Market

Law360, London (March 7, 2018, 9:58 PM GMT) -- Insurers see a silver lining in the cyberattack reporting requirements of Europe's new data protection rules to amass much-needed data to price cyber coverage — if privacy concerns don't stand in the way.

British insurers are seizing the opportunity in new reporting requirements to gather valuable data to help them price cyber coverage. (AP) Insurers have worried that the European Union's General Data Protection Regime will entangle routine business in red tape when it comes into force on May 25. But the law's notification rules also provide...
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