The content, agenda & speakers for each Advisen Insights Conference is planned by an Advisory Board that represents industry thought-leaders and influential marketplace participants. Each Advisory Board is unique for each conference event.
Advisory Board meetings and conference calls are led by Advisen’s Stacie Lilien, Global Head of Event Programming.
• Dan Burke, National Cyber Practice Leader, Woodruff Sawyer • Scott Hammesfahr, Director of Solution Consulting, Guidewire Cyence • Hannah Hoeflinger, National Cyber Risk Operations Leader, Marsh & McLennan Agency • Nadia Hoyte, National Practice Advisor, Executive & Professional Risk Solutions, USI Insurance Services • Bala Larson, Northwest/Midwest Regional Manager, US Tech & Cyber, Cyber & Executive Risk, Beazley • Florence Levy, Cyber Incident Management Director, Marsh & McLennan Companies • Shawn Ram, Head of Insurance, Coalition • James Reed, Vice President-West Regional Lead, Cyber & E&O Division, Allied World Insurance Company • Chris Reese, Head of Insurance, Cowbell Cyber • Jenny Soubra, U.S. Head of Cyber and Technology, Canopius Group |
10:00 am-10:05 am PST (1:00pm-1:05pm EST)
Opening Remarks by Stacie Lilien, Global Head of Event Programming, Advisen
10:05 am-10:50am PST (1:05pm-1:50pm EST)
The Evolution of Cyber Underwriting
A key focus for the cyber insurance industry over the last year has been updating and refining the underwriting process, and the experience can be disorienting for buyers and brokers. Closing in on one year of a cyber hard market, have underwriters zeroed in on what makes a “good” risk and how to model complexities across the portfolio? Have strides been made on aligning cybersecurity best practices to loss potential and communicating with buyers? Is cyber insurance underwriting reaching equilibrium and, in a tough market, is there room for flexibility?
10:50am-11:35am PST (1:50pm-2:35pm EST)
Getting to the Root Cause of Claims
As cyber insurance demand increases and claims roll in, those cyber events mean more data for determining what went wrong and how to possibly prevent similar incidents in the future. Root-cause analysis is now the name of the game for both insurance providers and incident response teams. Post-event questions have arisen on who is entitled to what details, and how to best filter the insight from vendor forensic reports back to underwriters. Considering the industry-wide talent shortage – there are an estimated 500,000 unfilled jobs in incident response — it’s more essential than ever for the cyber insurance claims process and event response to be as finely-tuned as possible.
10:00am-10:05am PST (1:00pm-1:05pm EST)
Opening Remarks by Erin Ayers, Managing Editor, Advisen
10:05am-10:50am PST (1:05pm-1:50pm EST)
Risk Aggregation and Reinsurance
Systemic cyber events like Microsoft Exchange, Kaseya, and the recent Log4Shell vulnerability reveal have brought concerns for cyber risk aggregation to new heights. Is the industry proactively or reactively managing its accumulation risk and how does that affect growth? What impact is the tight cyber reinsurance market having on 2022’s landscape? At the buyer level, industry requirements and rising rates may be prompting deeper discussions on how to enhance the value of cyber insurance. For both primary insurers and buyers, challenging conversations about which risks should be transferred and how to maintain cyber insurance’s relevance should be occurring.
10:50am-11:35am PST (1:50pm-2:35pm EST)
Law Enforcement’s Impact on Cybercrime
In 2021, rampant ransomware events prompted governments around the world to devote much more attention to the impact of cybercrime on businesses. How will working with the FBI, Interpol, and other entities impact the incident response process? How are law enforcement officials and the industry working together to tackle the problem and have joint initiatives shown glimmers of hope? Will cooperation with federal officials make attribution of cyber events and prosecution of cybercriminals more achievable?