Join leading experts Ben Hobby and Bernard Regan from Baker Tilly in conversation Alex Frost of Airmic where they will share their thoughts for the year ahead including:
- Ransomware payments will continue…. And will make a big mess
- IT investment will decrease due to the pandemic and related recession
- The cyber insurance market will continue to change, as will the way premiums are calculated
Ben and Bernard will discuss the meaning of these issues and specifically the potential impact and considerations from a claims perspective.
By the end of this session you will be able to:
- Obtain an alternative view of the rapidly evolving changes in the Cyber Insurance Market
- Identify some practical steps in managing cyber risk in this new environment
- Consider different approaches to take when discussing your risk with insurers
For the last 16 years, Ben Hobby has handled losses and investigations of various scopes and sizes for insurers, lawyers and corporates across the globe. His expertise focuses on cyber risk and system failure, physical and non-physical damage business interruption, fraud and investigations. Ben leads Baker Tilly’s global cyber insurance practice and has managed some of the largest cyber losses handled by the London insurance market.
Ben is a member and the current chair of the cyber claims committee at the International Underwriting Association, which addresses issues relating to the handling of cyber claims in the London insurance market. He has also authored a chapter on cyber business interruption in a book soon to be published by the UK Chartered Insurance Institute.
Bernard Regan specialises in the application and management of computer forensics processes, including cyber security and digital forensics. Across the past 15 years he has provided various high profile clients with cyber risk consultancy, cyber claims reviews and digital forensic investigations. He has worked on over 300 cyber losses worldwide, ranging from ransomware, data exfiltration, system outages.