On September 10, 2015, the National Association of Insurance Commissioners (NAIC) and the Center for Strategic and International Studies (CSIS) hosted a conference entitled “Managing Cyber Risk and the Role of Insurance.” Over 300 individuals attended, including more than 30 insurance regulators, senior representatives from the U.S. Departments of Treasury and Homeland Security, and representatives from the private sector.
The primary focus of the conference was to explore how the insurance industry can assist in mitigating the damages that result from a cyber attack. However, to do this and to offer appropriate products for mitigating this risk, the insurance industry needs to better understand the role of the insurance industry in mitigating cyber attacks and to do a better job understanding the threat and true cost of these attacks. The CSIS website has recordings of the panels available for on demand viewing.