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...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Technology

Partner Insight: Making It Personal - Why we must treat customers like VIPs

Partner Insight: Making It Personal - Why we must treat customers like VIPs

Stuart Hayman, Senior Business Consultant - Life & Pensions Insurance Practice (EMEA & APAC), Sapiens
clock 30 April 2025 • 5 min read
 MorganAsh adds customer support tracking to MARS

MorganAsh adds customer support tracking to MARS

Recording suggested next steps

Jaskeet Briah
clock 24 April 2025 • 2 min read
Andrew Doran appointed as UnderwriteMe CEO

Andrew Doran appointed as UnderwriteMe CEO

Replaces James Tait

Cameron Roberts
clock 07 April 2025 • 1 min read