The cyber insurance market is a continuum.
Broadly distinguishing between the “insurable” and “uninsurable” is far too simplistic.
Rather, give insureds a little guidance to nudge them along the curve, and you can underwrite for everybody.
In today’s episode, Nick Economidis Senior Vice President of eRisk at Crum & Forster, tells Anthony how they get it right.
You’ll learn:
1. How to broaden your approach to underwriting to accommodate more classes
2. The top 4 risk controls insureds should have in place
3. Nick’s best practice approach to claims management
4. What metrics you should measure to help you underwrite successfully
5. Advice for starting a career in cyber insurance
About Nick:
Nick is a Senior Vice President of eRisk at Crum & Forster. His first career in insurance was in the mid-market, where his experience included workers' compensation, property and GL insurance. In the cyber industry he now has more than 22 years of professional experience. Nick joined C&F in 2018, and grew the business line six-fold in four years. C&F's tech and cyber underwriting group has expanded under his direction to address clients' ever-changing needs across all business sectors.
Find Nick on LinkedIn: https://www.linkedin.com/in/nick-economidis-063b5112/
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About Crum & Forster:
Crum & Forster (C&F) is a leading national property & casualty insurance company with a large, diversified specialty platform. C&F protects businesses and organizations from the unpredictable nature of risk, giving them the confidence to take on new challenges and flourish in today’s increasingly complex and uncertain world. C&F is client-focused, creative, and flexible in delivering customized products and services.
Website: https://www.cfins.com/
Industry: Commercial Insurance, Health Care, Insurance, Risk Management
Company size: 2500+
Headquarters: Morristown, New Jersey, United States
Founded: 1822
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About the host Anthony:
Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.
Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com
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This podcast is produced by our friends at the SCL Program by SAWOO