The rise in cyber attacks recently like the one on Equifax, along with numerous others are examples of cyber risks that are potentially covered by cyber risk insurance policies. The global cyber insurance market is dominated by North American insurance companies and is expected to generate $14 billion in gross premiums by 2022, growing at a compound annual growth rate of nearly 28% as insurers expand coverage to other regions. Mandatory legislation regarding cybersecurity in several U.S. states has led to higher penetration of cyber liability insurance policies.
Global insurer HSB/Munich Re is looking for students to conduct an analysis of current and prospective cyber risks and comparison of how well the insurance market products are meeting those are and what gaps may exist. This project would involve a multidisciplinary team comprised of majors in cybersecurity, computer science, and risk management and insurance Funding for students to attend cyber insurance conference exists for team members involved in this project.
Robert Heaser, Cybersecurity Student
President of Association of IT Professionals & Director of Analytics & Recruiting Kingston Way
Competencies needed by faculty and students involved