With the rise of data breaches there have been many discussions, presentations and articles written about cyber insurance, with many of them not being so flattered. Unfortunately there is a lot of misinformation and questions still remain. This session provides and insider view on multiple topics including:
• How Insurance Companies See Companies
• Actuarial, Pricing and Underwriting
• Do they insurance carriers actually pay claims?
• How is the insurance industry evolving?
Matt Prevost, RPLU, is Chubb’s National Product Line Manager for Cyber Products. In this role, he is responsible for cyber product management in the United States, and plays a significant role in Chubb’s Global Cyber Practice, which addresses growing risks as legislation and exposures for privacy and network security evolve around the world, and customer demands for cyber insurance and risk management solutions grow. Mr. Prevost is also responsible for underwriting and negotiating complex accounts, developing and maintaining a broad network of brokerage and vendor relationships, and developing and driving distribution and marketing strategies. Mr. Prevost previously served as Assistant Vice President at Philadelphia Insurance/Tokio Marine Group, where he was responsible for the management and professional liability division for the Western U.S. Prior to accepting that role, he oversaw the carrier’s cyber and miscellaneous professional liability portfolio in the U.S.