Synergies in cyber security and insurance

Insurtech Story Podcast

Jan 15 2024 • 20 mins

In an era marked by escalating cyber threats, the intersection of cybersecurity and insurance has become a critical focal point for safeguarding businesses. This podcast explores the synergies between these two domains, delving into the evolving strategies and collaborative efforts that industry experts employ to navigate the complex landscape of cyber risks. From identifying shared challenges to harnessing innovative solutions, we unravel the integral relationship between cybersecurity and insurance, shedding light on how organizations can fortify their defences, mitigate risks, and foster resilience in the face of an ever-changing digital threat landscape. Welcome to a conversation at the nexus of security and assurance.

Points of discussion:

1. How are the evolving dynamics of cyber threats influencing the collaboration between the cybersecurity and insurance industries, and what synergies can be identified in addressing the rapidly changing risk landscape?

2. In the realm of cybersecurity and insurance, what key challenges and opportunities arise when attempting to align strategies and practices? How can organizations effectively navigate these complexities to enhance their overall risk management approach?

3. With the increasing frequency and sophistication of cyberattacks, how do cybersecurity and insurance professionals collaborate to develop innovative solutions and frameworks that not only mitigate risks but also promote a more resilient and adaptive security posture?

Speaker Bio: Hilario Itriago, is the President of Boxx Insurance USA. Hilario a seasoned insurance professional, boasts over 20 years in the industry, predominantly with RSA Insurance Group. Notably, he served as Regional COO and later CEO of a USD 1.2 billion business spanning six LATAM countries, achieving a remarkable 19.4% CAGR from 2010 to 2014. With extensive expertise in diverse markets like the UK, the Baltics, and LATAM, Hilario has proven leadership in steering substantial business growth and facilitating strategic transactions.