Inconsistencies in critical infrastructure clauses create uncertainty for cyber re/insurers: Lockton Re
Critical infrastructure clauses in cyber insurance are inconsistent across the market, creating uncertainty for insurers, reinsurers, brokers and policyholders, according to a report by Lockton Re, the reinsurance business of Lockton. Critical infrastructure presents systemic exposures for the cyber market. Those exposures span utilities, telecommunications and financial infrastructure, and sit beyond the scope of the…