ISO Cyber Risk Solutions offers the tools and support services your customers need to manage the financial perils of today’s digital and connected world. Through ISO Cyber Risk Solutions, you have access to insurance policies and other insurance contract language designed to address many of the emerging cyber risks that businesses face, including data breaches, computer viruses, cyber extortion demands, and malicious hacking events. The design of the ISO insurance contract language allows insurers to tailor coverage for their customers or offer set packages that protect against the most common cyber exposures.
ISO is currently aggregating and reviewing the data submitted for its special cyber insurance data call. The call, which ended December 31, 2016, asked insurers to provide data to help address a major issue facing today’s cyber insurance market: the need for more detailed underwriting and rating information. As part of the voluntary call, we collected premium and loss data for cyber liability and first-party coverages written between 2010 and 2014.
We expect aggregations and analyses to be available by March 31, 2017, for insurers that submitted data to the call.