Insurance and security: finding common ground in a volatile security risk environment

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Presented at ASISEurope 2019 by

Jeroen Meijer

How close cooperation between corporate insurance and corporate security departments will make the management of security risks more effective and efficient. There is common agreement among security and insurance professionals that security incidents are increasingly complex and global. Traditional insurance vehicles help indemnify the damage from such incidents. But to be able to successfully manage the velocity of security incidents anywhere around the world, companies require a level of expertise at immediate global readiness that companies realistically can’t maintain in-house. The insurance industry has responded to this need for 'anywhere and anytime' immediate expert support, with a new insurance concept: Insurance as a Service. This new trend implies that security professionals and insurance professionals with their expertise and products are playing both an increasingly crucial role in ensuring the success in security incident response and related insurances. In this inter-active workshop attendees will develop insight in the interplay between insurance and security and will walk away with practical tips on what to discuss with insurance professionals when purchasing insurance as a service.