National Insurance Brokers Association

The National Insurance Brokers Association is the peak representative body for the intermediated insurance industry in Australia.

https://www.niba.com.au

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Event Details

Target Audience

Open to all Industry Professionals wanting to refresh or expand their knowledge of cyber risk management.



Overview

With an increasing number of Australian businesses being targets of cyberattacks, staying vigilant against cybercrime is paramount.


A recent Australian Signals Directorate cyber threat report identified around 94,000 cybercrime reports in the 2022-23 financial year. This equates to one cybercrime being reported every six months.


While awareness of these issues is high, that hasn't necessarily translated into insurance coverage. Penetration for cyber insurance in Australia is still at very low levels, but there is a significant opportunity for brokers here. Brokers play an important role in helping clients understand the risks they face and implementing processes to protect themselves and reduce their exposure.


With the rise in frequency and sophistication of cyberattacks, cyber insurance is set to become an increasingly important component of business continuity planning. Businesses must become proactive instead of reactive when staying vigilant against cybercrime.


This seminar has been carefully curated to assist industry professionals do their part in preventing and managing cyber risk. Leading experts will provide participants with an integrated, comprehensive approach to cyber risk management with data-driven, insight-led solutions.



Key Take-aways

  • How to recommend limits to clients
  • Understanding a client's risk exposures e.g., supply chain management, cloud storage, etc.
  • Understanding policy restrictions and ensuring the policy is operational for the clients' needs
  • How to assist clients in improving their risk profile and cyber controls
  • How a cyber claim works / claims scenario
  • How much are a cyber claims costing / settlements - called upon coverage section breakdown
  • Impacts to the client of waiting for indemnification
  • What to look for in a good cyber wording
  • Cyber terminology e.g., indemnity period, waiting period
  • Personal records and applicable underwriting metrics
  • Practical risk management – MFA, etc.



Event Details

Date: Thursday 15 August 2024

Time: 8:30am - 11am (Registrations open at 8am)

Venue: The University of Queensland (308 Queen Street, Brisbane City)

Tickets: NIBA Members: $25 + GST | Non-members: $35 + GST

CPD Points: 2 points



CLICK HERE TO REGISTER

Agenda

Registrations open at 8am

August 15, 2024

Main Schedule

08:30 - 09:30
Session 1 - The Future of Cyber Insurance
09:30 - 10:00
Morning Tea & Networking
10:00 - 11:00
Panel Session and Q&A

Speakers

Stefanie Luhrs (Partner at Clyde & Co)

Stefanie Luhrs

Partner at Clyde & Co

David Rudduck (CEO of CFC Response Australia)

David Rudduck

CEO of CFC Response Australia

Sam Weaver (General Manager at Coalition)

Sam Weaver

General Manager at Coalition

Event Sponsors

 We would like to thank our event sponsors: Coalition | CFC | Clyde and Co

Venue

Venue

The University of Queensland
308 Queen Street
Brisbane City, Queensland, Australia

Contact us

For additional event or venue information, please send an email to bclavel@niba.com.au

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