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A.M. BestTV: Cyber Coverage Goes It Alone
[July 12, 2017]

A.M. BestTV: Cyber Coverage Goes It Alone

In this A.M.BestTV episode, Fred Eslami, senior financial analyst, A.M. Best, discusses a recent Best's Special Report that examines how more insurers are writing cyber coverage on a stand-alone basis, as opposed to packaging it with other products. Click on to view the entire program.

"The NAIC actually introduced a supplement in 2015, which basically had two sections in it," Eslami said. "One was cyber security, and the other one was identity theft. A.M. Best's special report is exclusively based on the cyber security information that the companies provided. This is only relevant to U.S. companies."

Eslami also spoke about some of the advantages of writing this coverage on a stand-alone basis.

"The transition from packaged to stand-alone is a positive one, because standalone allows companies to define their policy languages better, to actually define the limits more accurately," he said. "Ultimately, it would help them to achieve a reasonable pricing and reserving. Furthermore, the information that can be gained from that would help the modelers to refine their modeling tools, which would ultimately result in better aggregation, and hopefully, better risk management in general."

To access a copy of this Best's Special Report, titled, "Cyber Line Expected to be One of the Leading P/C Growth Areas," visit

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  • Insurers React to Changes to U.K. Discount Rate: A.M. Best Senior Director, Analytics Catherine Thomas, examines a recent Best's Briefing on changes in the Ogden rate, which is applied to claims for personal injury compensation in the U.K. These changes have forced some insurers to adjust their reserves and rates:
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A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at View A.M.BestTV episodes at

A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit

Copyright © 2017 by A.M. Best Company, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

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