Cyber Insurance Leaders

Anthony Hess

Cyber Insurance Leaders is a bi-weekly podcast dedicated to helping Cyber Security and Insurance professionals hear about the latest developments, best practices and thought leadership from leaders in the market. If you’re looking to hear and learn from cyber insurance and security experts, this show is for you. Each episode features an interview with an executive or thought leader, discussing topics like: the cyber insurance industry as a whole, international growth, cyber claims, and more.

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Ep 35 - The Legal Perspective: Talent Shortages, Insurance Pricing, and Supply Chain Risk in the Eyes of an Attorney - with Spencer Pollock
2d ago
Ep 35 - The Legal Perspective: Talent Shortages, Insurance Pricing, and Supply Chain Risk in the Eyes of an Attorney - with Spencer Pollock
Spencer Pollock is a Data Privacy and Cybersecurity Attorney at McDonald Hopkins with a wealth of knowledge on the interplay between law, insurance, and cyber.Tune in to this episode for insights into talent shortages, insurance pricing dynamics, and the escalating risks in supply chains. Spencer also casts his thoughts over topics like inconsistent data laws, current events, the impact of insurance on the cybersecurity market, and more.You'll learn:1. Insights into the limited pool of cyber law experts2. The balancing act in cyber insurance pricing3. The crucial role of insurance in shaping cyber practices4. Strategies to manage burgeoning supply chain risks5. Navigating the US's fragmented data protection law landscape6. Perspectives on current trends in cybersecurity law__________About Spencer:Spencer is a Member of the national Data Privacy and Cybersecurity team at McDonald Hopkins with experience defending hundreds of cyber incidents and data breaches and assisting organizations with privacy compliance. Spencer is a recognized leader in the data privacy and cybersecurity legal community and a frequent speaker and guest on numerous television and radio shows, and podcasts, and hosts the “Cyber Law Revolution” podcast.Find Spencer on LinkedIn: https://www.linkedin.com/in/spencer-s-pollock-esq-cipp-us-cipm-7111b336/ __________About McDonald Hopkins:Founded in 1930, McDonald Hopkins is a business advisory and advocacy law firm with locations in Baltimore/Annapolis, Chicago, Cleveland, Columbus, Detroit, and West Palm Beach. With more than 175 attorneys and 50 service and industry teams, the firm has the expertise and knowledge to meet the growing number of legal and business challenges our clients face. For more information about McDonald Hopkins, visit mcdonaldhopkins.com.Website: https://www.mcdonaldhopkins.com Industry: Law PracticeCompany size: 201-500 employeesHeadquarters: Cleveland, OHFounded: 1930__________ About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO.
Ep 34 - Fortifying Your Defenses: Practical Strategies to Prevent and Mitigate Cyber Risks - with Linda Comerford
Nov 9 2023
Ep 34 - Fortifying Your Defenses: Practical Strategies to Prevent and Mitigate Cyber Risks - with Linda Comerford
Linda Comerford, Head of Claims North America at Resilience, brings her extensive experience in cyber incident response and cyber insurance to this episode. With her deep understanding of the challenges faced by leading cybersecurity and cyber insurance professionals, Linda provides valuable insights and practical advice that can help professionals in these fields navigate the evolving landscape of cyber threats. Join Anthony and Linda as they unpack the importance of communication between underwriting and claims teams, the evolving landscape of cyber threats, common mistakes insureds make, the role of cyber insurance in cybersecurity, and more.You'll learn:1. Why effective communication between underwriting and claims teams is crucial in navigating the complex world of cyber threats2. The biggest mistake clients make with their cyber policy and practical advice on how to prevent and mitigate cyber issues3. How professionals in the cybersecurity and cyber insurance fields can adapt to the challenges of an ever-evolving cyber landscape4. The vital role that cyber insurance plays in bolstering cybersecurity efforts and protecting businesses from potential financial losses__________About Linda:Linda Comerford is the Head of Claims for North America at Resilience, where she joined in September 2023. She has extensive experience in the cyber insurance industry, previously serving as the Incident Response Practice Leader at AmTrust, overseeing cyber claims, vendor assignments, and privacy counsel.Before AmTrust, Linda worked in cyber claims roles at Rockville Risk Management and Proven Data Recovery. She holds an MFA in Publishing and Writing from Emerson College and a BA in English from Oregon State University.Find Linda on LinkedIn: https://www.linkedin.com/in/lindalouisecomerford/ __________About Resilience:Resilience is the cyber risk solution company that’s on a mission to help make the world cyber resilient. Founded in 2016 by experts from across the highest tiers of the U.S. military and intelligence communities, and augmented by prominent leaders and innovators from the insurance and technology industries; Resilience helps financial, risk, and information security leaders continuously improve their organizations' cyber resilience by connecting cyber insurance coverage with advanced cybersecurity visibility and a shared plan to reinforce actionable cyber hygiene.Website: www.cyberresilience.com Industry: IT Services and IT ConsultingCompany size: 51-200 employeesHeadquarters: San FransiscoFounded: 2016__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO.
Ep 33 - Harnessing the Power of Data: How it Shapes Cyber Insurance Risk Selection and Pricing - with Meghan Hannes
Oct 26 2023
Ep 33 - Harnessing the Power of Data: How it Shapes Cyber Insurance Risk Selection and Pricing - with Meghan Hannes
There's a paradox in cyber underwriting: we want to avoid claims where possible, but we need claims data to make sound assumptions and improve our pricing models.In this episode, Meghan Hannes, US Head of Underwriting Management at Beazley, dives deep into the world of cyber insurance, revealing insights into underwriting risk selection and pricing. She also uncovers the challenges and misconceptions in the application process and highlights the crucial role of underwriting management in supporting insureds and optimizing risk profiles.You'll learn:1. The evolution of the cyber insurance market and how it impacts your role as a professional.2. The importance of data and claims analysis in risk selection and pricing.3. The challenges and misconceptions in the cyber insurance application process and how to overcome them.4. The crucial role of underwriting management in supporting insureds and optimizing risk profiles.5. The future of cyber insurance and why proactive risk monitoring is essential for success.__________About Meghan:Meghan Hannes leads the execution of Underwriting Management across the US Cyber & Technology team at Beazley.  Ms Hannes has acted as a Co-Chair for many Cyber Risk Industry Events and was named the 2020 NetDiligence ‘Toby Merrill’ Cyber Industry Award recipient.  Ms. Hannes has 20 years of experience in Cyber, Media, Tech E&O and Professional Liability Insurance and has lent her voice as a contributor to several organizations and industry events such as Lloyd’s, Reuters, AMBest, PLUS, Intelligent Insurer, Insurance Business America and the Women in Cyber Conference; Member of the Eniac Ventures Expert Network.   Ms. Hannes joined Beazley in early 2022, having previously helmed up Cyber & Technology E&O P&L and strategy as Product Head at Hiscox.  Prior to Hiscox, she held various Privacy & Network Security Product Management and senior level underwriting positions at Axis Insurance, The Hartford, Chubb Group of Insurance Companies and served as Director of Underwriting at start-up Insurer CloudInsure. Find Meghan on LinkedIn: https://www.linkedin.com/in/meghanhannes/ __________About Beazley:Beazley is a leading sustainable, specialist insurer. It is defined by its people and a culture that values being bold, striving for better and doing the right thing. The services and products that it provides deliver peace of mind and offer the most advanced thinking in the insurance market.Website: http://www.beazley.com/ Industry: InsuranceCompany size: 1,001-5,000 employeesHeadquarters: LondonFounded: 1986__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO.
Ep 32 - Lessons From an Ex-CSIS Intelligence Officer: Dan Elliott on Risk, Ransomware, and Resilience - with Dan Elliott
Oct 12 2023
Ep 32 - Lessons From an Ex-CSIS Intelligence Officer: Dan Elliott on Risk, Ransomware, and Resilience - with Dan Elliott
As a former Intelligence Officer at the CSIS, Canada's counterpart to the CIA and MI-5, Dan Elliott had high standards for his transition to the private sector. Naturally, he wasn't disappointed when he landed a job as Principal for Cyber Security Risk Advisory at Zurich Resilience Solutions, part of the world-renowned Zurich Insurance Group.In this episode, Dan shares his thoughts on the cybersecurity challenges faced by large enterprises and multinational accounts, impending risks in the cyber industry, the relationship between insurance companies and cyber teams, and much more.You'll learn:1. Why we need to close the gap between cybersecurity, risk, and business.2. Why state-sponsored attacks aren't going anywhere anytime soon.3. Why non-encryption ransomware could be the next big threat to cybersecurity.4. The challenges of integrating cybersecurity advisory into the insurance market.5. Why businesses should be practicing regularly for the moment of a breach.__________About Dan:Dan Elliott is the Principal for Cyber Security Risk Advisory at Zurich Resilience Solutions (ZRS) Canada and is responsible for supporting Zurich’s clients in making risk-based cyber security decisions to improve their overall organizational resilience. Dan has over 15 years of experience in national security and risk management and brings a unique perspective to cyber risk, having spent six years as an Intelligence Officer with the Canadian Security Intelligence Service (CSIS).Find Dan on LinkedIn: https://www.linkedin.com/in/elliott-dan __________About Zurich Resilience Solutions:Zurich Resilience Solutions (ZRS) provides specialized insights and tools to support clients with solutions addressing traditional and evolving risks – above and beyond insurance. Combining their close relationship and in-depth knowledge of client operations with industry-leading expertise, ZRS is a key exponent of the Zurich Insurance Group promise to build a brighter future together, with existing and new customers. The ZRS goal is to help clients identify exposures, reduce potential losses, improve safety, and effectively manage loss control programs amid a dynamic risk environment.Website: http://www.zurich.com/ Industry: InsuranceCompany size: 10,001+ employeesHeadquarters: ZurichFounded: 1872__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO.
Ep 31 - Past, Present, and Future: What Is the Current State of Cyber and What Does the Future Have in Store? - With Hartmut Mai
Sep 28 2023
Ep 31 - Past, Present, and Future: What Is the Current State of Cyber and What Does the Future Have in Store? - With Hartmut Mai
With a combined total of almost 30 years in the insurance industry at companies like AIG, Marsh, and Allianz, Hartmut Mai, current Group President at Cyberwrite, has a wealth of knowledge to share.In this episode, he talks about the demand placed on capital and people as market growth accelerates, the state of cyber modeling today and in the future, and the role technology will play in underwriting as the insurance industry evolves.You'll learn:1. The importance of reality-checking in modeling risk scenarios2. How technology and automation can bring structure and standardization to underwriting3. Why insurance companies were slow to react to the rise of ransomware4. Why there's a need for more risk modeling in the cyber insurance industry5. How can technology be used to address third-party BI risk?__________About Hartmut:Hartmut has over 25 years of experience in global leadership roles in the insurance industry. Before he joined Cyberwrite, he served as the Global Chief Underwriter and Deputy Chief Executive Officer Board at Allianz, as well as Chief Regions and Markets Officer. Prior to that, he had leadership underwriting roles at Marsh and AIG. Hartmut brings to Cyberwrite unparalleled experience and advises the senior management team.Find Hartmut on LinkedIn: https://www.linkedin.com/in/hartmut-mai-a4386b3b/ __________About Cyberwrite:Founded in 2017 by cyber and insurance industry veterans, Cyberwrite’s products are used globally by leading insurers, reinsurers, agents, and brokers to grow cyber insurance sales, reduce loss ratios, and decrease underwriting and risk management costs.Website: https://www.cyberwrite.com Industry: Software DevelopmentCompany size: 11-50 employeesHeadquarters: New YorkFounded: 2017__________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO.
Ep 30 - Decoding the Canadian Cyber Market: Insights From Global Law Firm Norton Rose Fulbright Canada LLP - with Imran Ahmad
Aug 31 2023
Ep 30 - Decoding the Canadian Cyber Market: Insights From Global Law Firm Norton Rose Fulbright Canada LLP - with Imran Ahmad
Canada is home to a rapidly growing cyber insurance market.In this episode, Imran Ahmad, Partner and Head of Technology at Norton Rose Fulbright, enlightens Anthony about the current state of cyber in Canada, and what he thinks the future holds.You'll learn:1. Breach response laws and regulations in Canada2. 3 need-to-know things about the Canadian cyber market3. Ethical issues surrounding public sector entities and ransom payments4. Why businesses need a standalone playbook to tackle ransomware attacks5. The most prevalent cyber risks in the Canadian market__________About Imran:Imran Ahmad leads Norton Rose Fulbright’s technology group in Canada and co-heads its information governance, privacy, and cybersecurity practice. He counsels clients across sectors on technology matters, such as outsourcing, cloud computing, SaaS, and e-commerce. In cybersecurity, he helps devise strategies against cyber threats, advises on legal risk and data breach responses, and has acted as “breach counsel” for notable cross-border and domestic incidents. Within privacy law, he focuses on Canadian data management laws, emphasizing cross-border data transfers and governance programs.Find Imran on LinkedIn: https://www.linkedin.com/in/imranahmadnrf/ __________About Norton Rose Fulbright:Norton Rose Fulbright are Canada's first truly international law firm. They have more than 600 lawyers, patent and trademark agents in business law, litigation and disputes, intellectual property, and employment and labour, based in offices in Calgary, Montréal, Ottawa, Québec City, Toronto and Vancouver. Helping clients succeed in Canada and in key, growing markets in the world. They are strong across all of our six key industry sectors and their global reach covers six continents.Website: https://www.nortonrosefulbright.com/Industry: Law PracticeCompany size: 5,001-10,000 employeesHeadquarters: LondonFounded: 1794__________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com ___________This podcast is produced by our friends at SAWOO
Ep 29 - The Power of Data: How Coalition’s Acquisition of BinaryEdge Supercharged Their Scanning, Underwriting, and Risk Prevention Practices - with Tiago Henriques
Aug 17 2023
Ep 29 - The Power of Data: How Coalition’s Acquisition of BinaryEdge Supercharged Their Scanning, Underwriting, and Risk Prevention Practices - with Tiago Henriques
When Coalition acquired IoT Search Engine BinaryEdge in 2019, they gained access to a substantial set of cybersecurity data that would supercharge their underwriting practice. In this episode, former BinaryEdge CEO and current VP of Research at Coalition Tiago Henriques provides a glimpse into Coalition's unique data-driven approach to underwriting and risk profiling. As somebody who straddles the worlds of insurance and cybersecurity, Tiago also gives a unique perspective on topics such as unpaid cyber claims, common cybersecurity mistakes, catastrophic risks, and more.You'll learn:1. How a better understanding of risk gives you an advantage when entering new lines of business2. Tiago's opinion on unpaid claims as somebody who lives in both cybersecurity & Insurance3. Why one-off scans aren't enough to understand a company's cyber risk4. How Coalition determines a company cyber risk profile by analyzing from a hacker's perspective5. Why your catastrophe modeling firm might not be painting the most accurate picture_________About Tiago: Tiago Henriques is a seasoned executive with a vast background in the tech industry, particularly in the fields of cybersecurity, cyber insurance, and data science. Currently, he is the VP of Research at Coalition, Inc., where he is responsible for building innovative risk signals for risk selection in underwriting and risk aggregation modeling. He also oversees a team of researchers in the areas of cybersecurity, software engineering, and machine learning. Tiago joined Coalition after they acquired a company he founded called BinaryEdge which does large-scale data collection and internet scanning.Find Tiago on LinkedIn: https://www.linkedin.com/in/balgan/ _________About Coalition:Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. Founded in 2017, Coalition combines broad insurance coverage with a digital risk assessment and continuous security monitoring to help organizations protect themselves in today’s hyper-connected world. Coalition comprises a team of cybersecurity and technology experts, as well as experienced insurance professionals, who have come together to build a world-class organization with a massive technological advantage.Website: https://www.coalitioninc.com Industry: InsuranceCompany size: 201-500 employeesHeadquarters: San Francisco, CaliforniaFounded: 2017_________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com This podcast is produced by our friends at SAWOO.
EP 28 - How Bad Can It Be? Catastrophe Modelling & Quantifying Systemic Risk With Cyber Actuary Justyna Pikinska
Aug 3 2023
EP 28 - How Bad Can It Be? Catastrophe Modelling & Quantifying Systemic Risk With Cyber Actuary Justyna Pikinska
Can cyber be effectively modeled, or is predicting the outcome of a cyber catastrophe a futile endeavor?Justyna Pikinska, Global Head of Cyber Analytics at Gallagher Re, believes it's possible. In fact, she knows it is, as she's watched model outputs creep steadily towards more acceptable convergence levels over the years. Tune into this episode as Anthony and Justyna dive into the challenges of cyber modeling, the future and sustainability of the cyber industry, concerning systemic risks, and much more. You'll learn:1. The effectiveness of cyber risk modeling: past and present2. Why cloud outages might not be as likely as you feared3. The importance of a diverse client portfolio in cyber insurance4. The similarities and key differences between property and cyber insurance5. How the cyber insurance industry is helping clients cope with attacks_________About Justyna:Justyna Pikinska has built from scratch and now leads the cyber analytics function at Gallagher Re and is responsible for a team of nearly 20 people globally: actuaries, cat modelers, and cyber security consultants._________About Gallagher Re:Gallagher Re’s cyber team, led by Ian Newman, totals 50 staff globally and currently has the biggest market share in London. The unit work with clients as either a traditional placement broker or in a consultancy capacity. Unlike some of its peers, Gallagher Re’s cyber unit operates under a one-team mentality, where individuals across the team combine forces and collaborate on R&D, analytics, wordings, technical ability, and placements, providing a more blended, holistic approach to solving clients' cyber challenges which remains consistent, regardless of the size or geography of the client. Gallagher Re team also actively helps to bring more capacity into the 9re)insurance market by actively educating new entrants and sharing results from exciting R&D projects and thought leadership articles.Website: https://www.ajg.com/gallagherre/ Industry: InsuranceCompany size: 1,001-5,000 employeesHeadquarters: London, EnglandFounded: 1985_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com This podcast is produced by our friends at SAWOO
Ep 27 - Looking To The Future: Why the Cyber Insurance Industry Can Benefit From Alignment Between Brokers, Claims, and Underwriting - with Neel Desai
Jul 20 2023
Ep 27 - Looking To The Future: Why the Cyber Insurance Industry Can Benefit From Alignment Between Brokers, Claims, and Underwriting - with Neel Desai
Communication between brokers, claims teams and underwriters continues to develop, but can be more streamlined.As somebody who has worked in both claims and broking, Lockton Companies Vice President Neel Desai offers unique insight into these, at times, disconnected worlds.In this episode, you'll learn:1. How selling insurance could be improved by a more bespoke, sector-by-sector submission process2. Why the sharing of data between underwriters, claims teams, and brokers could lead to more effective risk understanding3. Why brokers are responsible for improving the underwriting process and securing long-term market stability4. The difficulties of explaining market fluctuations and policy wordings to clients5. How the emergence of artificial intelligence could impact the future of cyber insurance_________About Neel:Neel Desai is a VP in Lockton’s cyber practice based in its Atlanta office. His primary focus is on advising clients on their cyber/technology exposures, preparedness, and placing their cyber insurance programs. He previously practiced as an attorney and worked on the cyber claims side of a large international carrier._________About Lockton:Lockton – Lockton Companies Inc. was founded in 1966 and is the world’s largest privately held insurance brokerage. Lockton has over 10,750 associates worldwide and has offices around the globe. Lockton serves clients of all industries to strengthen their business with the best in risk management, insurance, employee benefits consulting and retirement services.Website: http://www.lockton.com Industry: InsuranceCompany size: 10,001+ employeesHeadquarters: Kansas City, MOFounded: 1966_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.comThis podcast is produced by our friends at SAWOO
Ep 26 - War Exclusions Under the Microscope: A Deep Dive with DAC Beachcroft Partner Julian Miller
Jun 29 2023
Ep 26 - War Exclusions Under the Microscope: A Deep Dive with DAC Beachcroft Partner Julian Miller
Julian Miller was a key player in one of the most controversial changes to happen in the Lloyds market in recent years: Cyber War Exclusions.Join host Anthony Hess as he dives deep into the fascinating world of insurance policies and the war exclusion clause with Julian Miller, a Partner at DAC Beachcroft. In this episode, they explore the evolving landscape of cyber risk coverage and the challenges faced by insurers in addressing systemic risks.You'll learn:1. The historical development of war exclusions and their impact on cyber risk coverage2. The Importance of LMA clauses and how they provide essential cyber coverage for businesses3. The innovative clauses introduced by industry leaders and the need for clarity and consistency4. The complexities of policy wording, including defining war and addressing systemic risks5. Insights into the broader response to systemic risks and emerging challenges_________About Julian:Julian Miller is a coverage lawyer based in DAC Beachcroft's London office. He has had a prominent role in cyber risk, drafting war clauses, advising on ransomware, and other cyber coverage issues. He leads the firm's policy wordings team and advises on coverage disputes. _________About DAC Beachcroft:DAC Beachcroft LLP is an international law firm with a market leading insurance practice. It has a specialist team that drafts policy wordings across all lines of business, advising insurers, reinsurers, brokers, MGAs, and captives. Website: http://www.dacbeachcroft.com Industry: Law PracticeCompany size: 1,001 - 5,000Headquarters: London, EnglandFounded: 1762_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.comThis podcast is produced by our friends at SAWOO
Ep 25 - Navigating the Global Cyber Insurance Landscape: Claims, Cybersecurity, and Industry Insights with Canopius - with Luke Johnson
Jun 15 2023
Ep 25 - Navigating the Global Cyber Insurance Landscape: Claims, Cybersecurity, and Industry Insights with Canopius - with Luke Johnson
Prepare for an eye-opening podcast interview with Luke Johnson, Head of Specialty Claims for Canopius, as he takes you on a journey through the intricate world of global insurance. Discover Canopius' unique perspective on cyber claims handling, their strategic decision to establish an in-house incident response team, and their insights on the evolving relationship between cyber insurance and cybersecurity practices.In this episode, Luke shares his thoughts on topics such as:1. Canopius' global approach to serving clients and their focus on large open market clients2. Unraveling the misconception about breach counsel and the importance of involving IT recovery experts in cyber incidents3. The origins and implications of war exclusions in the cyber insurance industry4. Insurers driving the adoption of minimum cybersecurity standards for coverage5. Canopius' commitment to delivering superior customer service through their in-house incident response team_________About Luke:Luke Johnson is Head of Specialty Claims at Canopius and has a wide breadth of experience in cyber claims, having been a coverage lawyer in a private practice and later working as Cyber Claims Manager before his recent promotion._________About Canopius Group:Canopius is a global specialty (re)insurer with underwriting operations in Australia, Bermuda, China, Singapore, the U.K., and the U.S. It underwrites through Lloyd’s Syndicate 4444 (managed by Canopius Managing Agents Limited), a U.S. surplus lines insurer, Canopius US Insurance, Inc and Canopius Reinsurance Ltd, a Bermuda-based Class 4 Insurer.Website: http://www.canopius.comIndustry: InsuranceCompany size: 501-1,000Headquarters: London, EnglandFounded: 2003_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.comThis podcast is produced by our friends at SAWOO
Ep 24 - Changing the Insurance Narrative: How BOXX Is Predicting and Preventing Claims for Families and Small Businesses - with Vishal Kundi
Jun 1 2023
Ep 24 - Changing the Insurance Narrative: How BOXX Is Predicting and Preventing Claims for Families and Small Businesses - with Vishal Kundi
The cyber insurance industry has the power to redefine the meaning of 'insurance'—and that's exactly what Canada-based cyber insurtech company BOXX plans to do.In this episode, Vishal Kundi, CEO and Co-Founder of BOXX, chats with Anthony Hess about how his company is working closely with families and small businesses to not only compensate clients after an attack, but also debunk myths, reduce risk profiles, and predict vulnerabilities to prevent claims entirely. Vishal also offers advice to the future generation of insurance entrepreneurs and shares his thoughts on cyber underwriting and unlockable opportunities in emerging markets.In this episode, you'll learn:1. How BOXX is overcoming the big myths in cyber insurance today 2. Vishal's thoughts on risk selection at BOXX:  “The rhino factor”3. The novel opportunities BOXX is seeing around the world4. An Inside scoop on what led Vishal to create BOXX5. Advice for young professionals in the cyber industry_________About Vishal:Vishal is the CEO and Co-Founder of rapidly growing Cyber Insurtech, BOXX Insurance. Originally from London, Vishal’s career has included roles in Hong Kong, Santiago, London, Dublin and Toronto. He launched BOXX in 2018 with a vision to make the world a digitally safer place and today works with a proven team of business builders, underwriting minds and product innovators._________About BOXX Insurance:BOXX Insurance Inc. helps businesses, individuals, and families insure and defend against cyber threats. Privately held with headquarters in Toronto, Canada, BOXX has global offices in Miami, Zurich, Dubai, and Mumbai. BOXX Insurance is an award-winning global cyber protection and insurance provider.They're serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what they create, inside the BOXX. Every day they're improving the digital health of businesses, families, and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.Website: https://boxxinsurance.com/Industry: Cyber Security, Financial Services, Risk Management, Service IndustryCompany size: 11-50Headquarters: Toronto, Ontario, CanadaFounded: 2018_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.comThis podcast is produced by our friends at SAWOO
Ep 23 - Diary of a CISO: Cybersecurity Today and a Prognosis for the Future - with Jason Rebholz
May 19 2023
Ep 23 - Diary of a CISO: Cybersecurity Today and a Prognosis for the Future - with Jason Rebholz
Jason Rebholz's duties at Corvus Insurance extend beyond those of a conventional CISO...Alongside developing the company's internal security framework, Jason runs a threat intel team focused on protecting policyholders and working closley with underwriters to identifying emerging risks. He also works closely with Corvus's Risk + Response team who is focused on delivering risk mitigation expertise into the hands of brokers and policyholders.In this episode, Jason shares his thoughts on cybersecurity today and where it's heading, with topics like:1. Why security awareness training isn't the strongest security measure2. How Corvus Insurance found the sweet spot between underwriting methods and tech3. The top 4 minimum cybersecurity measures all businesses should implement4. The role CISO plays in harmonizing DevOps and IT security5. The impact of the cyber insurance cycle on DFIR qualityAbout Jason:Jason Rebholz is the Chief Information Security Officer at Corvus. He has over a decade of experience performing forensic investigations into sophisticated cyberattacks and helping organizations build secure and resilient environments. As Corvus’s CISO, Jason leverages his incident response, security, and infrastructure expertise to drive security strategy and reduce the risk of security threats internally at Corvus and for Corvus's policyholders. Prior to joining Corvus, Jason held leadership roles at Mandiant, The Crypsis Group, Gigamon, and MOXFIVE.Find Jason on LinkedIn: https://www.linkedin.com/in/jrebholz/__________About Corvus Insurance:Corvus Insurance is building a safer world through insurance products and digital tools that reduce risk, increase transparency, and improve resilience for policyholders and program partners. Corvus's market-leading specialty insurance products are enabled by advanced data science and include Smart Cyber Insurance® and Smart Tech E+O™. Corvus's digital platforms and tools enable efficient quoting and binding and proactive risk mitigation. Corvus offers insurance products in the U.S., Middle East, Europe, Canada, and Australia.Website: https://www.corvusinsurance.com/Industry: Artificial Intelligence, Cyber Security, Insurance, InsurTechCompany size: 300Headquarters: Boston, United StatesFounded: 2017__________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children.Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 22 - The Wonders and Perils of Global Digitalization and the Subsequent Rise of Systemic Risk - with Dan Trueman
Apr 27 2023
Ep 22 - The Wonders and Perils of Global Digitalization and the Subsequent Rise of Systemic Risk - with Dan Trueman
AXIS is a specialist in the most complex and misunderstood of all insurance sectors: cyber. In this episode, Global Head of Cyber and Technology Dan Trueman talks about how his team stays ahead of the curve with internal training, webinars and market-leading courses, and how modern claims data is helping the industry to set standards and manage risk.You'll learn:1. The impact of cyber insurer underwriting and insights on the cybersecurity industry2. How AXIS shares its expertise with internal and external training3. How the insurance industry can pin down systemic risk and create general rules of thumb4. Dan's take on war exclusions and their effect on the global cyber insurance marketAbout Dan:Dan Trueman is the Global Head of Cyber and Technology at AXIS. Dan is an experienced multi-class underwriter with expertise in Cyber, Reputational Risk, Intellectual Property, Supply Chain insurance, Political Risks, Contract Frustration, Marine Consequential loss, Marine War, Marine Hull, Piracy, Physical Damage and Energy. Prior to AXIS, Dan was the Chief Innovation Officer and Unit Head for the Cyber Division of Novae from 2014 until 2017, when the company was acquired by AXIS. Dan was previously at ANV, where he was Lead Underwriter for its Enterprise Risk Division. Prior to this he spent 10 years at Kiln, most recently as Active Underwriter of the Enterprise Risk Division of Syndicate 510.__________About AXIS:AXIS is a specialty insurer and reinsurer, focused on helping businesses navigate dynamic risks.  Our underwriters are known for their business acumen and technical expertise. Our claims teams champion customers’ needs with an honest approach and quick decision-making. Website: http://www.axiscapital.com/Industry: Finance, Financial Services, InsuranceCompany size: 2,200Headquarters: Hamilton, BermudaFounded: 2001__________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 21 - How brokers can streamline the insurance-purchasing process for SMEs - with Shay Simkin
Mar 31 2023
Ep 21 - How brokers can streamline the insurance-purchasing process for SMEs - with Shay Simkin
Howden doesn't just sell cyber policies. They sell a process.In this episode, Howden's Global Head of Cyber Shay Simkin shares how brokers can provide a better service to their clients, and sheds more light on the insurance needs of small and medium-sized businesses.Tune in to learn more about:1. The latest developments in the international cyber market2. What brokers can do to help SMEs purchase insurance products3. How clients can better prepare themselves for the day of a claim4. The role of technology in the growing cyber industry5. Why brokers need a combination of insurance and technology expertiseAbout Shay:Shay Simkin is the Global Head of Cyber for Howden (world's largest employee-owned insurance broker). Shay has more than 35 years of experience in the Insurance Broking industry, serving in senior management roles both in Israel and Europe.__________About Howden:Howden Israel, established in 2003, is the largest international insurance broker in Israel and one of the top 3 insurance brokers in the country. Howden provides a unique service model by combining risk management, tailor-made policies and professional claim handling. Over the past decade, the company's in-house Professional Legal Department has handled over 1 billion in insurance claims payments. Howden operates in 40 countries and employs approximately 8000 people worldwide. They are leading the Israeli market in innovation by providing policies and insurance products that are innovative and tailor-made for each customer’s unique needs.Website: https://www.howdengroup.com/Industry: Business Development, Insurance, Local BusinessCompany size: 8,000Headquarters: London, England, United KingdomFounded: 1994__________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/   or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 20 - Redefining Cyber Insurance With Innovative Technology Partners and Underwriting Methodologies - with Anthony Dagostino
Mar 16 2023
Ep 20 - Redefining Cyber Insurance With Innovative Technology Partners and Underwriting Methodologies - with Anthony Dagostino
Anthony Dagostino's multifarious career as a broker, VC and underwriter has poises him a true expert in the realm of cyber insurance. In this episode, he talks about how this experience helped him to grow Converge, a US-based MGA that combines the best of underwriting fundamentals, technology, and cybersecurity data to offer innovative coverage in different areas of cyber insurance.You’ll learn:1. Why external scan data is a vital addition to any underwriters toolbox2. How Converge uses its adversary-focused underwriting methodology3. How underwriters can use risk quantification to inform limits4. Identifying the data that matters for small insurance companies5. The most important metrics for young insurance companies About Anthony Dagostino:Anthony Dagostino is considered one of the earliest pioneers in cyber and technology insurance. Anthony has held an array of leadership positions over the past 20 years spanning underwriting, brokerage, and risk consulting. Prior to founding and leading Converge, a next generation cyber and technology insurance provider, Anthony led Lockton’s Global Cyber & Technology Practice focusing on large client advisory and implementing a global brokerage, consulting, and analytics strategy. Previously, Anthony led Willis Towers Watson’s global cyber brokerage division and created what is currently the Cyber Risk Solutions consulting practice, focusing on risk advisory, platform development for assessments and risk quantification, and reinsurance company consulting. His clients have included some of the largest banks, retail, healthcare, manufacturing, and technology companies in the world. In addition, Anthony has a long tenure in cyber, technology, and financial lines underwriting at Chubb and The Hartford where he held an array of leadership positions across product management, MGA development and administration, alternative risk transfer products, and field underwriting operations for nearly 15 years. Anthony is a regular contributor to broadcast and print media, serves on numerous advisory boards for early-stage companies, and is active with various non-profit organizations.Find Anthony on LinkedIn: https://www.linkedin.com/in/anthonyvdagostino/__________About Converge:Converge fuses cyber insurance, security, and technology to provide businesses with complete cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting, they provide insurance brokers and policyholders risk solutions that deliver improved outcomes at competitive rates. They believe that insurance needs the right elements and personalized approach to mitigate risk. By partnering with their policyholders, they precisely formulate what their business needs so they can become confidently cyber secure. Converge is headquartered in New York and backed by venture firm Forgepoint Capital. Learn more at convergeins.com.Website: http://www.convergeins.comIndustry: Cyber Security, Insurance, InsurTech, Risk ManagementCompany size: 15Headquarters: New York, United StatesFounded: 2021__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/   or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 19 - Cybersecurity in Europe: History, Trends, and Growing Debates - with Pablo Constenla
Feb 23 2023
Ep 19 - Cybersecurity in Europe: History, Trends, and Growing Debates - with Pablo Constenla
From ransomware to phishing scams, cybersecurity is a global issue.But take a minute to zoom in, and you'll see that the cyber industry in Europe is quite unique.In this episode, Pablo Constenla, Head of Cyber Claims & Products for Europe at Marsh, outlines the latest cyber threats and trends in Europe to hit the continent and shares his thoughts on one of the hottest debates in cyber today: should systemic risk be excluded from cyber insurance policies?During this episode, you'll learn:1. The most common claims insurers are currently handling2. What insurers should be doing to limit the occurrence and impact of cyberattacks3. Pablo's perspective on state-sponsored attacks, war coverage, cyberterrorism and more4. The effects of IT outages and cyberattacks on business supply chains5. The importance of expertise in the cyber insurance industry and how to procure top talent About Pablo:Pablo currently leads cyber claims management and products wording for Marsh Europe. Previously, Pablo worked at carriers (Beazley, AXA XL) and legal private practice in London. In his current role, Pablo gives advice to brokers and clients regarding cyber coverage across all Europe and leads negotiations with carriers. Also, Pablo leads the strategy for cyber claims management as well as managing complex claims. Pablo has developed particular interest in topics such as catastrophic cyber risk and cyber supply chain.__________About Marsh:Marsh is the world's leading professional services firm providing risk, strategy and human capital advice and solutions. Through its market-leading brands, colleagues in more than 130 countries help clients identify, plan for and respond to critical business issues and risks. Its around 45,000 employees worldwide provide industry-focused brokerage, consulting and claim advocacy services on leveraging data, technology, and analytics to reduce their clients' total cost of risk.Website:  https://www.marsh.com/ Industry: Financial Services, Professional Services, Service IndustryCompany size: over 45,000Headquarters: Greater New York Area, East Coast, Northeastern USFounded: 1871__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/   or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 18 - Deciphering the Differences Between E-discovery and Data Breach Response - with Adi Elliott
Feb 9 2023
Ep 18 - Deciphering the Differences Between E-discovery and Data Breach Response - with Adi Elliott
To the untrained eye, E-discovery and Data Breach Response appear identical.After all, they both consist of the same 3 steps: data processing, early assessment, and data review. But Adi Elliott is here to tell you that they're quite different, and why the tools you use for E-discovery aren't optimal for Data Breach Response.During this episode, Anthony talks to Adi, COO of 🌳🌳🌳Canopy Software, about:1. Why E-discovery tools aren't fit for purpose when it comes to Data Breach Response2. How you can review databases faster and easier3. What companies should be doing to prepare for a data breach and why they aren’t doing better4. How 🌳🌳🌳Canopy Software helps insurance companies to optimize their processes and reduce costsAbout Adi:Adi Elliott brings 15+ years of executive leadership experience within the software & services industries to his role as 🌳🌳🌳Canopy's COO. He previously held leadership roles in three companies with $100M+ liquidity events, led multiple marketing & product teams recognized for innovation, built three of the strongest corporate & product brands in the ediscovery market, and oversaw the creation of ediscovery’s industry-leading conference. In his free time, Adi enjoys hiking with his wife in the Pacific Northwest, playing basketball, and cheering for the Portland Trail Blazers. And thanks to his three sons, he somehow became pretty serious about playing Pokémon Go.__________About Canopy Software:🌳🌳🌳Canopy is the leader in AI-powered privacy and data breach software. Its patented flagship product, Data Breach Response, provides incident response teams with fast, accurate, and secure data mining, personal data (PII & PHI) review, and entity management. Canopy has been named a winner of the 2022 Golden Bridge Business and Innovation Awards, the 2022 NVTC Tech 100, the 2021 Cybersecurity Excellence Awards, and the 2021 Global InfoSec Awards. Visit www.canopyco.io to learn more about our software solutions.__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/   or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 17 - A Boots-on-The-ground Approach To Insuring Small and Medium-sized Businesses - with Mercy Komar
Jan 26 2023
Ep 17 - A Boots-on-The-ground Approach To Insuring Small and Medium-sized Businesses - with Mercy Komar
Cybersecurity for SMEs vs. larger companies: what's the difference?SMEs are concerned about BEC and transfer fraud—not ransomware.In this episode, Mercy Komar, a certified Insurance Counsellor and Cyber Risk Manager at L. Calvin Jones Insurance talks to Anthony about the nuances of educating SMEs and protecting them from cyber-attacks.You’ll learn:1. What SMEs are most concerned about when it comes to cybersecurity2. The importance of offering SMEs a personal service and how this drives sales3. Mistakes small businesses make when taking out cybersecurity insurance policiesAbout Mercy:Mercy Komar, CIC ,cyRM, MLIs is a Commercial Risk Advisor and Cyber Risk Manager at L. Calvin Jones Insurance in Canfield, Ohio. Nominee for Women to Watch in Cyber 2021, she is a continuing education instructor in the Midwest for the National Alliance for Insurance Education, the Greater Cincinnati Insurance Bureau and the Ohio Independent Agents.  She speaks frequently on cyber and executive risk topics to professional organizations and as a panelist at seminars and webinars.Find Mercy on LinkedIn: https://www.linkedin.com/in/mercyk__________About L. Calvin Jones & Co.:L. Calvin Jones has been an insurance anchor in the Midwest since 1911, providing coverages through the US with Best A-rated insurance carriers, and a Keystone Agency Partner since 2020. Website: https://www.lcalvinjones.com/Industry: Finance, Financial Services, InsuranceCompany size: 11-50Headquarters: Canfield, USAFounded: 1911__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/   or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO
Ep 16 - Goodbye Ransomware, Hello Hyper Targeted Social Engineering Events: Dealing with this Shift in Cyber Insurance  - with Matt Cullina
Dec 8 2022
Ep 16 - Goodbye Ransomware, Hello Hyper Targeted Social Engineering Events: Dealing with this Shift in Cyber Insurance - with Matt Cullina
Ransomware claims are out, hyper targeted social engineering events are in.And they happen to everyone, from small businesses to big corporations.Matt Cullina, Head of Global Cyber Insurance Business at TransUnion, chats with Anthony about his view on the shift in the cyber insurance market, TransUnion's "white glove" approach to cyber insurance, and more.You’ll learn: 1. Why hyper targeted social engineering events have replaced ransomware events, and how to deal with this shift2. The differences between small business or household risk, and corporate risk in providing cyber insurance3. The benefits of a white glove approach in cyber insurance4. Why a “spread the risk approach” is the way to go when it comes to underwriting5. How Matt uses customer surveys to measure his team’s successAbout Matt :Matt Cullina is Head of Global Cyber Insurance Business at Transunion. He joined Transunion in 2021, via the acquisition of Sontiq/Cyberscout. Cullina is responsible for driving Transunion’s global growth of it’s comprehensive cyber solutions and strengthening strategic partnerships throughout the insurance markets. He brings over 25 years of experience in cyber services, insurance research, development, and claims management. Cullina was Managing Director/CEO of Cyberscout from 2008 to 2021. He helped to guide Cyberscout’s maturity from a single product business focused on the U.S. to becoming the leading provider of personal and commercial cyber solutions to the insurance industry, with both a U.S. and global footprint.Find Matt on LinkedIn: https://www.linkedin.com/in/matthew-cullina-7389b4a/ __________About Cyberscout (A TransUnion Brand):TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good.®A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.Website: http://www.cyberscout.com Industry: Information TechnologyCompany size: 101 – 250Headquarters: Scottsdale, Arizona, United StatesFounded: 2003__________About the host Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: ahess@asceris.com__________This podcast is produced by our friends at SAWOO