1. Cyber Exposure Panel for
CCIA Collaborative
October 17, 2018

2. Introduction Introduction of Panelists
Discussion: Captives as Part of the Risk Mitigation Strategy for Cybersecurity Risks
What Are Cybersecurity Risks?
What is the Potential Impact of Cybersecurity Risks?
Are Cybersecurity Risks Insurable?
Captives as Part of the Insurance Solution

3. What are Cybersecurity Risks?
Where do they come from?
Internal
Bad Actors
Inadvertent Transmission of Data
External
What is their potential impact, including financial impact?
Hard costs
Investigation and Remediation Expenses
Reporting and Notification Costs
Fines and Penalties
Loss of Business

4. Are Cybersecurity Risks Insurable?
What Types of Policies may be Implicated?
Cyber
Tech E&O
Property
Crime
K&R
What is Covered?
First Party Costs
Third Party Costs
Business Interruption?
What elements of Cybersecurity Risk are not insurable?

5. Captives As part of the Insurance Solution for Cybersecurity Risk?
Types and amount of Cybersecurity Risk to be placed in a Captive
Ability to Reinsure
What is the Reinsurance market like for Cybersecurity Risk?
What would Reinsurers want to know about your captive and your risk?

6. Conclusion and Q&A    
Theodore P. Augustinos Adam Cottini Locke Lord LLP Gallagher Grace Ries Glenn A. Siriano FM Global KPMG Laura True Beazley