There's a paradox in cyber underwriting: we want to avoid claims where possible, but we need claims data to make sound assumptions and improve our pricing models.
In this episode, Meghan Hannes, US Head of Underwriting Management at Beazley, dives deep into the world of cyber insurance, revealing insights into underwriting risk selection and pricing. She also uncovers the challenges and misconceptions in the application process and highlights the crucial role of underwriting management in supporting insureds and optimizing risk profiles.
You'll learn:
1. The evolution of the cyber insurance market and how it impacts your role as a professional.
2. The importance of data and claims analysis in risk selection and pricing.
3. The challenges and misconceptions in the cyber insurance application process and how to overcome them.
4. The crucial role of underwriting management in supporting insureds and optimizing risk profiles.
5. The future of cyber insurance and why proactive risk monitoring is essential for success.
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About Meghan:
Meghan Hannes leads the execution of Underwriting Management across the US Cyber & Technology team at Beazley. Ms Hannes has acted as a Co-Chair for many Cyber Risk Industry Events and was named the 2020 NetDiligence ‘Toby Merrill’ Cyber Industry Award recipient. Ms. Hannes has 20 years of experience in Cyber, Media, Tech E&O and Professional Liability Insurance and has lent her voice as a contributor to several organizations and industry events such as Lloyd’s, Reuters, AMBest, PLUS, Intelligent Insurer, Insurance Business America and the Women in Cyber Conference; Member of the Eniac Ventures Expert Network. Ms. Hannes joined Beazley in early 2022, having previously helmed up Cyber & Technology E&O P&L and strategy as Product Head at Hiscox. Prior to Hiscox, she held various Privacy & Network Security Product Management and senior level underwriting positions at Axis Insurance, The Hartford, Chubb Group of Insurance Companies and served as Director of Underwriting at start-up Insurer CloudInsure. Find Meghan on LinkedIn: __________About :Beazley is a leading sustainable, specialist insurer. It is defined by its people and a culture that values being bold, striving for better and doing the right thing. The services and products that it provides deliver peace of mind and offer the most advanced thinking in the insurance market.Website: Industry: InsuranceCompany size: 1,001-5,000 employeesHeadquarters: LondonFounded: 1986__________About the host :Anthony is passionate about cyber insurance. He is the CEO of , a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ___________This podcast is produced by our friends at .
