The disappointment of customers and the many policy disputes on business interruption coverage following the pandemic have illustrated that many insureds and some of their brokers did not understand the limitations of property damage/business interruption coverage.

Cyber insurance policies are newer, less tested and arguably trickier to understand than property damage/business interruption policies. Therefore, brokers and insurers must be able to clearly explain to customers the coverage and any limitations to the coverage to prevent similar policy disputes.

The best way of doing this is to scenario test the policy wording with potential cyber scenarios in order to understand how the policies may respond.

Learning Outcomes
At the end of this program, participants will be able to:

  • Identify four common cyber loss scenarios which may or may not be covered under a cyber policy.
  • Identify which customers are likely to be most concerned with what scenario.
  • Explain how a cyber insurance policy may or may not apply to each scenario.
  • Prepare an action plan on how to use the scenarios to both demonstrate the value and potential limitations of cyber insurance.

Course Content:

  • Cyber insurance policies
  • Four common cyber loss scenarios
  • How a cyber insurance may or may not apply to each scenario
  • How to use the scenarios to prevent policy disputes

Speaker’s Profile
Neil Park is an experienced trainer and consultant currently working in the insurance industry in United Kingdom and internationally. He delivers workshops in technical insurance (including property, business interruption, liability, professional indemnity, directors’ and officers’ liability and cyber risk), risk management, insurance broking and sales and negotiation skills.

He has a strong commercial insurance background, with working for 20 years at international brokers both in London and North America, leading teams and managing major client relationships.

Neil is a Fellow of the Chartered Insurance Institute (FCII) as well as having an MA in Economics from the University of Cambridge and an MBA.

Date and Time
Date: 19 November 2020
Time: 3:00 p.m. – 5:00 p.m. (Kuala Lumpur time) | 7:00 a.m. – 9:00 a.m. (London time)

Registration Fee
MII/CII Members: Local RM 150.00 | International USD 37
Non Members: Local RM 250.00 | International USD 50


For more information about MII’s virtual programmes, visit our #VirtualLearning microsite or call us at +603 2712 8882 or email events@mii.org.my or sales@mii.org.my

Be safe and stay strong.

#VirtualLearning #EmpoweredLearning #LearningNeverStops #buildingknowledgetogether