PUNE
P752
- WORKSHOP ON CYBER INSURANCE AND D&O (NON-LIFE)
Background:
Cyber security is becoming a major cause of concern
for organizations, government and individuals. The frequency of cyber-attack
events along with increasing complexity and dependence on information and
communication technology is making cyber risk management increasingly onerous.
From multinationals to SMEs to start-ups, all those with access to
private and confidential information of third parties have the responsibility of
keeping the information protected. These
entities are exposed to e-theft, failure of service, destruction of critical
data etc. Apart from financial and
legal risk due to such cyber incidents, they may also face risk of losing their
reputation. Further regulations stipulate stringent reporting requirements,
notification procedures fulfilment, and penalties for security breach.
Similarly, Directors and officers (D&O) liability insurance covers directors and officers or their company or organization if sued (most policies exclude fraud and criminal offenses). D&O insurance claims are paid to cover losses associated with the lawsuit, including legal defence fees. In the present scenario, D & O policy is the most sought-after policy in view of the huge number of claims being reported after the pandemic.
Objectives:
The programme aims to equip participants with understanding & knowledge of:
§
Cyber risk -
International
& Indian Perspectives
§
Cyber
Security and Cyber Laws
§
Cyber risk
and its impact on organizations, Insurance coverages and extensions
§
D & O
policy – what is covered
§
D & O
policy, exclusions and add ons available in Indian and global market
Contents:
§
Cyber
insurance market - Global and Indian perspective
§
Dynamics of
Cyber Risks
§
Different
Types of Cyber Risks / Threats
§
Cyber Crime
and Laws including GDPR & PDPA
§
Cyber
Insurance (Commercial Lines) - policy coverage, exclusions & conditions
§
Cyber
Insurance (Personal Lines) - policy coverage, exclusions & conditions
§
D & O
policy coverages / extensions/ exclusions
§
Global
Market and its requirement
§
Underwriting
Cyber Insurance & D & O policies
§
Claims
Management under both the policies.
Participants’
Profile:
Officials handling Miscellaneous Insurance portfolio including
Liability in Head Office, Regional Offices, Operating Offices of Indian
and foreign public & private sector General Insurance Companies
Duration:
2 Days
Dates:
I.
11.07.2024
- 12.07.2024
II.
23.12.2024
- 24.12.2024