Dan Trueman
Dan Trueman has been head of the Cyber Division at Novae since the start of 2014. Prior to Novae, he was with ANV as lead underwriter for their Enterprise Risk Division. Trueman also spent 10 years at Kiln, most recently as active underwriter of the Enterprise Risk Division of Syndicate 510, a division he formed. He developed Kiln’s Cyber and Reputation Risks account.
What do you see as the greatest risks companies face today?
Not being able to ship. Be it products or services, companies need access to an unbroken supply chain. However, supply chains today are vulnerable to more and more single points of failure.
What are the emerging risk issues?
The vulnerability organizations have to their own data. Data, turned into information and then to strategic assets is essential to all organizations. However, we are only just emerging into a paradigm where organizations are valuing their data and thinking about protecting it.
Is the insurance industry doing enough to adequately address these risks?
There are an increasing number of insurance carriers who are at the forfront of analyzing, transferring and responding to these risks. We are still some way short, however, of full capacity for some buyers.
What keeps you awake at night?
The word “solution”. We, as an industry, throw it around but we fail time and again to spend the time to develop an undersrtanding of client problems. We can only provide a solution when we understand the problems it will fix. I am constantly concerned – and not just at 3am – about providing access to clients so we can most effectively hear about their problems.
In your opinion, what is the single most important risk development in the past 12 months?
It often goes unremarked on but this year the thing that has been most important to us the imporved level of collaboration between the C-Suite, the Information Security staff, and the insurance market. Together we’re stronger.
