Insurers would be better equipped to refine cyber protection products if policymakers made anonymised data from cyber attacks more accessible, according to Insurance Europe President Andreas Brandstetter. The European Commission is also looking at ways of improving the way insurers and regulators share information about cybersecurity risks with each other. Brandstetter made the comments while speaking at the 11th International Insurance Conference in Bucharest, also addressing the need for legislation to support insurers sustainable investments.
Insurers would be better equipped to refine cyber protection products if policymakers made anonymised data from cyber attacks more accessible, according to Insurance Europe President Andreas Brandstetter. New legislative changes to the reporting of cyber incidents have meant that authorities now possess collections of useful data on the details of attacks in respective channels such as GDPR and the NIS Directive. Brandstetter made the comments while speaking at the 11th International Insurance Conference in Bucharest, also addressing the need for legislation to support insurers sustainable investments.