Insurance Europe has commented on the strategic priorities that the European Insurance and Occupational Pensions Authority (EIOPA) published in February 2020 for the European cyber insurance market.
In its key messages, Insurance Europe particularly welcomes EIOPA’s recognition that a lack of quality data on European cyber incidents is impeding the growth of the market and highlights several key points to be taken into account when seeking to address this issue. It agrees with EIOPA that it would be worthwhile to explore a common taxonomy for cyber risks, stresses the need for insurers to continue to be able to develop innovative cyber products and opposes any introduction of minimum coverage requirements.
Insurance Europe
© InsuranceEurope
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article