The insurance industry could have a major role to play in establishing a set of global standards around cybersecurity, according to Peter Erceg, Erceg at broking firm Lockton. "The companies themselves aren’t going to do it, so it needs to be a central point that can drive it, and I think insurance has a part to play in that,” he said. Insurers and brokers also have a role to play in educating clients, he said.
The insurance industry could have a major role to play in establishing a set of global standards around cybersecurity, according to Peter Erceg, SVP of global cyber & technology at broking firm Lockton. "The companies themselves aren’t going to do it, so it needs to be a central point that can drive it, and I think insurance has a part to play in that,” he said. Insurers and brokers also have a role to play in educating clients, he said.