Cyber Risk: Where do Insurers fit in?

Intake Opening Soon 4:00 - 8:00pm Face-to-face

A 2-hour CPD Session followed by a 2-hour Networking Event.

Join us for a 2-hour CPD session delivered by CII trainer, Mr Neil Park, to be followed by a networking event sponsored by CII in close collaboration with the Malta Insurance Institute.

Venue: Carlson Suite, Radisson Blu Resort, St Julians

Description

The threat posed by cyber risks to organisations continues to evolve and the insurance market develops its cyber insurance products and pricing to cater for this exposure.

In this session Mr Park gives an overview of how cyber insurers help their customers reduce and recover from cyber threats.

Course Topics

  • The nature and types of cyber threats – how they are developing and changing
  • Cyber claims examples
  • Financial protection provided under stand alone cyber policy
  • Pre and post loss risk management services provided by cyber insurers
  • Recent developments in the cyber insurance market

Learning Objectives

By the end of  the workshop participants will be able to:

  • Describe the nature and types of emerging cyber threats
  • Explain how legal and regulatory developments impact cyber exposure
  • Describe some typical cyber claims
  • Explain what financial protection insurers provide to customers under a stand alone cyber policy
  • Explain what services cyber insurers provide to help customers both reduce their risks and recover quickly from cyber attacks
  • Identify current and future developments in the cyber insurance market

Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).

Testimonials

Finally lectures in person and with relevant and useful content. Foreign lecturers can give us a broader picture of the risks we are faced with. Since our market is so small we can learn a lot from the larger markets. Keep up the good work.

C. Zammit

Overall it was very interesting and straight to the point. The examples given made it easier to relate and understand what the class of insurance offers especially in comparison with other classes of insurance. Well done and look forward to the next one.

G. Mifsud

I thoroughly enjoyed the session and found it very informative.

J. Camenzuli

Excellent

R. Micallef

Well done for organising an interactive an interesting session! Even though the subject was new to me, the trainer made it engaging throughout the whole session. The networking event which followed was also very welcome. Will definitely keep an eye out for future training session!

S. Bartoli Pavia

Trainers

Neil Park

Neil is an experienced trainer and consultant currently working in the insurance industry                    in the United Kingdom and internationally. He delivers face to face and virtual workshops in technical insurance, broking and negotiation skills.  He also trains and supports candidates taking their Chartered Insurance Institute Certificate, Diploma and Advanced Diploma examinations.

He draws on a strong commercial insurance background after working for twenty years for international brokers both in London and North America where he led teams and managed major client relationships.

He was study leader of the Insurance Institute of London Cyber Insurance Research group which published their findings in June 2022.

https://www.iilondon.co.uk/home/publications/research-study-reports/cyber-insurance-research-findings/

I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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