Through the collective expertise of its members, CyberAcuView will compile and analyze cyber-related data to enhance value and service to policyholders and help ensure a competitive market for cyber insurance.
Mark CAMILLO, most recently Head of Cyber, EMEA at AIG, has been appointed CEO.
The founding members of CyberAcuView will use their collective expertise to help the industry enhance the value and service for all policyholders in their cyber risk mitigation efforts by:
- Providing industry best-practices to improve resilience to cyber risk;
- Proactively engaging with regulators, law enforcement and other security agencies to counter cybercrime and the rapid rise of ransomware;
- Developing systemic risk solutions and advancing cyber policy language to improve market efficiencies; and
- Analyzing cyber trends to provide enhanced visibility on cyberattacks and the causes of loss so that insurers can identify critical controls and educate policyholders on loss prevention strategies.
"The cyber landscape continues to evolve with coordinated attacks becoming more frequent and disruptive," said CAMILLO. "Combining resources from across the insurance industry will allow us to better understand cyber trends, anticipate and potentially mitigate future attacks, and help improve overall cyber resilience."
CyberAcuView aims to (1) help the insurance industry provide better value and service for policyholders in their cyber risk mitigation; (2) provide leadership in addressing cybercrime and increasing resilience to cyber risk; and (3) help ensure a competitive market for cyber insurance. CyberAcuView is industry-supported, working for the benefit of policyholders, the insurers that serve them, and the connected economy at large.