Magazine date:
Dec 2016 Not only do cyber risks constitute a threat, they also stand as an opportunity for the insurance sector. While new technologies provide insurers with the resources to better address the risks they cover, they also generate new business.
The emergence of IT risks has given rise to a need for new products which require collaboration among reinsurers. The technological upheavals are indeed likely to trigger potentially important claims. Reinsurers play an active role in the development of this business thanks to their capacity to gather data at a larger level and mutualize risks.
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