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Ransomware: How Insurance Responds in 2022

It has been reported that Singapore organisations are among the most targeted in the world. This means that cyber insurance, once thought to be a relatively niche product and unnecessary for small companies, is now absolutely crucial for businesses of all sizes. But how does cyber insurance really help a client during an attack, and how are insurers and service providers evolving to meet the increasingly sophisticated ways in which threat actors work?

Registration has now closed.

What are we covering?

  • How insurers evaluate the risk factor that each potential insured presents.

  • The life cycle of a ransomware attack, and the many considerations that arise therefrom.

  • What kind of services does an insurer typically offer an insured that has come under attack, apart from indemnity payments?

  • In what circumstances would an insurer agree to a ransom payment, and what risks does this present?

  • How do insurers and their legal advisers deal with sanctions-related concerns when the threat actors are anonymous?

Whether you are a legal adviser considering cyber insurance for your company, a lawyer looking to offer breach response services, or an insurance practitioner getting to grips with the unique features of this product, this webinar is a golden opportunity to get these burning questions answered!

Panellists

  • Jessica Schappell (Claims Manager, Beazley)

  • Simon Moi (Head of Professional and Financial Risks, Asia, Markel)

  • Summer Montague (Partner, DAC Beachcroft)

Agenda

3.55 – 4.00 PM – Registration
4.00 – 4.10 PM - Introduction
4.10 – 4.25 PM – Assessing a Risk: Common Pitfalls Underwriters look for by Simon Moi
4.25 – 4.40 PM – Insured-Insurer Collaboration in Identifying and Addressing Vulnerabilities by Jessica Schappell
4.40 – 4.55 PM – The Lawyer’s Role in Breach Response: Strategies and Case Studies by Summer Montague
4.55 – 5.20 PM – Panel Discussion
5.20 – 5.30 PM – Q&A

Public CPD Points: 1.5

Practice Area: Corporate / Commercial

Training Level: General

"Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information."

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Annual General Meeting 2022

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June 14

Navigating the ESG Transition : Unpacking Implications Across the Suite of Professional Liability Insurances