In this interview with Insurance Business, Guy Carpenter’s Jess Fung, Managing Director and North American Cyber Analytics Lead, discusses Small Businesses and the New Frontier of Cyber Catastrophe Modeling, the recent report from Guy Capenter’s Cyber Center of Excellence, in association with At-Bay, a leading provider of cyber coverage to small- and medium-size businesses (SMBs).
“As we know, SMB is a huge area of potential growth for companies looking to enter this emerging risk space,” Jess explained. “(That’s why) it’s so important for cyber writers to get it right when it comes to exposure management strategy for SMBs. But the challenge with the current cyber models is that they struggle to account for SMB exposure in an accurate and granular way.”