Silent cyber risk can lead to uncertainty for both the insurer and insured around payment of claims caused by cyber events, says Spiros Fatouros, CEO of Marsh McLennan Africa.
Many risks associated with generative AI are extensions of existing, familiar risks such as data privacy, which has been a concern for decades, says Spiros Fatouros, CEO of Marsh Africa.
There remains a misleading perception that cyber insurance does ‘not pay’ or ‘does not respond as required’ to key cyber events, says Spiros Fatouros, CEO of Marsh McLennan Africa.