"Organizations Consider Self-Insurance to Manage Risk"

As the market for cybersecurity insurance evolves, Lloyd's of London plans to exclude the majority of nation-state attacks from its coverage policies. In response to these changes, companies are reevaluating their cyber insurance plans. While Lloyd's decision does not explicitly exclude all nation-state or nation-inspired cyber incidents, it clarifies several coverage parameters. If organizations want to understand the risks that cyber insurance cannot handle, they must determine which policies provide the best value and coverage and investigate other risk treatment plans. Self-insurance may help businesses to better customize their insurance coverage and expenses. This article continues to discuss the opportunities and risks in self-insurance, improving security as an insurance strategy, and broader changes in the cyber insurance market. 

Dark Reading reports "Organizations Consider Self-Insurance to Manage Risk"