Cyber insurance and directors’ and officers’ (D&O) liability insurance go hand in hand now that company business models increasingly revolve around technology, according to a white paper published by Airmic with support from Marsh and AIG. Cyber insurance, Directors and officers liability, D&O, Airmic, Marsh, AIG, Technology, Insurance, Risk modelling
Companies' increasing reliance on technology means cyber risk and directors and officers (D&O) risk increasingly go hand in hand, according to a report backed by Marsh and AIG. Since a number of high-profile shareholder actions have been taken as a result of cyber breaches, security lapses can also impact companies' D&O policies, the report noted. Last year saw as many cyber claims as the previous four combined, according to AIG.