Cyber is an emerging and fast moving market.
Policy wordings are being tested in the light of claims presented and as a result the wordings are maturing. Capacity is increasing through providers here in the UK, Europe, Australasia and the Americas.
Businesses and industry main boards are becoming increasingly aware of their potential liabilities and increasing regulation particularly in light of the major high profile incidents that have appeared in the press recently. In Europe the General Data Protection Regulations (GDPR) will come into force in May 2018 which will result in industries and businesses seeking to protect their potential liabilities.
To meet these needs, Charles Taylor has been rapidly expanding the Cyber Team over the last two years using a world leading platform that offers a swift response, having developped an effective working relationship with recognised partners in IT forensics, Data Breach Legal Counsel, Public Relations Specialists and Credit Monitoring Services.
The team has also expanded its reach geographically in order to respond to the Insurance and Reinsurance market demands.
In doing so, Charles Taylor has acquired a wealth of knowledge on emerging threats, geographical trends and vulnerabilities in various segments of the market.
The Cyber Team now comprises more than 55 specialist adjusters all over the world and is headed by our London based team, under Andrew Shepherd – Global Head of Cyber and Laetitia Fouquet – Deputy Head of Cyber.
We can offer a multilevelled claim solution in existing and emerging markets and our Cyber Team regularly laise with our TPA services and MGA Incubator Team to provide end-to end taylored services to Clients.