’Cyber risks are changing rapidly and claims activity is influential in shaping the London market’s response to risk management demands,’ says director
The International Underwriting Association (IUA) is launching a new Cyber Claims Committee to bring together senior cyber claims professionals from across the London market.
The committee will hold its first meeting on 15 October and be open to senior leaders working within cyber claims teams at London-based insurers and reinsurers.
The IUA said the group will provide a forum for members to discuss market developments, operational challenges and emerging trends affecting cyber claims.
’Strengthen collaboration’
The association already operates committees for cyber underwriters and cyber reinsurers. It has also recently published research examining cyber business interruption claims and cyber cover for warranty and indemnity risks.
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According to the IUA, the new committee has been established to strengthen collaboration between claims and underwriting functions as cyber risks continue to evolve.
Joe Shaw, director of claims at the IUA, said: “Cyber risks are changing rapidly and claims activity is influential in shaping the London market’s response to risk management demands.
“Our new committee will help facilitate an effective feedback loop between claims and underwriting, ensuring IUA members are well-placed to respond effectively to emerging cyber threats.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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