Historically, insurance products have followed the road most traveled with a few detours. By tradition, insurance product development has been a slow methodical process. However, this changed with the introduction of cyber insurance; this insurance emerged and accelerated through the market after a bumpy start. It continues to evolve at a pace close to the discovery of vulnerabilities—at least in the context of insurance products.
The above paragraph is the introduction to an article I had the opportunity to write for PIA. PIA Connection is the award-winning, print newsletter of PIA National – the National Association of Professional Insurance Agents.
You can download a copy of The Cyber Road: The Past, Present and Future of Insurance Products here.
Reprinted from PIA Magazine, December 2022, with permission from PIA Magazine Services Inc.