Cyber insurance should be seen more as part of a risk management strategy, a retainer if you would, says says Ryan van de Coolwijk, ITOO Special Risks: Product Head Cyber Insurance.
Accurately evaluating cyber risk and heightening awareness
A privacy or network security breach could lead to significant damages and financial liabilities, and it is important to make sure that these costs are adequately insured, says Ryan van de Coolwijk, Hollard Insurance cyber product manager and specialist, within the Hollard Specialist Liabilities, Centre of Excellence.
Every cellphone and tablet user in business needs to be highly aware, says Ryan van de Coolwijk, Cyber Insurance Product Manager at Hollard Broker Markets.
As opposed to just covering the insured for direct financial losses, cyber insurance policies cover the resultant expenses of a breach, says Ryan van de Coolwijk, director at CyGeist.