Audience

This event is open to US brokers.

Description

The Lloyd's Market Association (LMA) is pleased to invite you to a roundtable discussion taking place at RIMS' RISKWORLD, focused on the challenges of increasing adoption of and effectively marketing cyber insurance to small and medium-sized enterprises (SMEs) in the US.

Despite rising cyber threats, many SMEs remain underinsured. The LMA is working with the Lloyd's and London market to develop a dedicated model cyber insurance wording for US SMEs. The session is designed to ensure US brokers are informed of, and can contribute to, this development.

Key elements of coverage include:

• definition of minimum standard for crisis management and pre-incident support
• data and systems restoration and repair
• critical supplier and customer coverage
• data liability coverage and breach response
• modular coverage to allow flexibility
• parametric coverage for immediate business interruption
• standardisation and simplification of common terms.

• Andy Maher, Head of Cyber and Technology, AXIS
• Chris Mather, Senior Executive, Technical Underwriting, LMA
• Arabella Ramage, Legal and Regulatory Director, LMA

16.15: Roundtable discussion
17.00: Drinks reception
18.00: Close

Our presenters will provide insight into the LMA's project to develop the model product wording and the key elements of the coverage.

We do hope you can join us.