State of the Cyber Insurance Market
Susan Leung, ARe, Vice President, Public Entity Group, Alliant Insurance Services, Inc.
January 18 | 12:00 pm – 1:00 pm EST
The cyber insurance has been in the midst of a hard market for two renewal cycles - pricing and coverage continuing to move in sine waves. The continued development of loss activity, the moving targets of security controls and the material wording changes has deepened the impact on insureds, with the potential of the hard market continuing for public entities who don't have required security controls in place. For the entities with the security controls, the market is starting to show signs of fragmentation. We will explore in detail the current marketplace asks for security controls, where the marketplace seems to be heading, as well as steps public entities can take to showcase themselves positively with the insurance marketplace.
Attendee Takeaways:
1. Understand where cyber insurance market is with regards to public entities
2. Understand security controls insurance underwriters are looking for help to obtain
3. How to continually have conversations with your insurance partners on your cyber security roadmap
4. How the industry is doing as a whole, are the insurers accurate in the statement that public entities are riskier than their private counterparts?
Presenter
Susan Leung, ARe, Vice President, Public Entity Group, Alliant Insurance Services, Inc.
Susan joined Alliant Insurance Services in 2018 and has been working with public entities since 2010. She has worked with many school and municipality pools across the country on general liability, professional liability, property and workers’ compensation placements, and has specific expertise in cyber insurance.
Currently, Susan is located in the Chicago office and serves as Alliant’s Public Entity Group Cyber Practice Leader. She has 18 years of insurance and reinsurance experience. In 2010, she began working with the public entity sector. She also spent a portion of her career in Asia leading cyber liability insurance placements for commercial entities across 13 countries.
Susan graduated with a Bachelor of Arts degree in finance from the University of Illinois at Urbana-Champaign. She obtained the Associate in Reinsurance designation in 2006.
