Cyber insurance ‘needs to evolve’ as it is ‘not the right product’ for the future – Hiscox

cyber, evolve

Incoming chief executive says the insurer is reaping the benefits of taking a more preventative stance

Cyber insurance policies “needs to evolve” because the product that is currently available for policyholders is “not really the right product for the market as it goes forward”, according to Aki Hussain, Hiscox’s group chief financial officer and incoming chief executive.

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