Data sharing needs to improve for London Market to lead in cyber insurance
A panel of industry experts highlight why London is the natural “hub” for cyber insurance provision and what the market needs to do to lead from the front in this product line
The London Market needs to develop better data sharing practices as well as minimum standards for cyber security if it is to excel and lead the global insurance industry in cyber insurance provision.
This was the key takeaway from a joint report published by municipal governing body the City of London Corporation and professional services firm Accenture, titled The Future of Cyber Insurance – Next Steps for the London Market.
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