Silent Cyber in Professional Indemnity Insurance

Silent (or non-affirmative) cyber coverage and the systemic risk it poses is a serious concern for the insurance industry, leading to scrutiny from the Prudential Regulation Authority and prescriptive intervention by Lloyd’s.

In this article, Andrew Jones and Ahmed Mian consider the regulators’ concerns, what the industry is doing about it and what the future holds, in particular for Professional Indemnity insurers, policyholders and the regulated professions.