Insurance in 10 years will look very different from today – faster, smarter, more responsive, and more customer-centric. But these changes aren’t waiting for the future. They’re already underway. Whether you’re a carrier, a policyholder, or a business partner, now is the time to understand these shifts and adapt.
The recent July 9 global technology outage has prompted a reassessment of cyber policy wordings. This incident highlights the need for standardization in the cyber insurance industry and the importance of clear policy terms. Businesses and insurers must re-evaluate their cyber policies and understand their implications thoroughly. Ensure your company is adequately protected against similar tech outages by consulting with insurance experts and reviewing your current coverage.
