CII highlights cyber risk insurance knowledge gap

New research

John Brazier
clock • 1 min read

Chartered Insurance Institute (CII) finds lack of knowledge on cyber issues could result in mis-selling and poor customer outcomes.

A survey conducted by the CII's New Generation Underwriting Group has found that the majority of insurance industry professionals feel their knowledge of cyber risks was virtually non-existent despite their employer providing cover. Almost six out of 10 insurance professionals polled said they had not received any training about cyber risk even though they were involved with pricing or underwriting policies related to cyber risks. Nine out of 10 insurance professionals stated they wanted to learn more about cyber risks, with a quarter wanting online training courses, one in five wishi...

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