Consortium of Leading Cyber Insurers Announce the Launch of CyberAcuView
NEW YORK – June 17, 2021 – Leading cyber insurers announced today the formation of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts across the insurance industry. Through the collective expertise of its members, CyberAcuView will compile and analyze cyber-related data to enhance value and service to policyholders and help ensure a competitive market for cyber insurance.
Mark Camillo, most recently Head of Cyber, EMEA at AIG, has been appointed CEO.
The founding members of CyberAcuView will use their collective expertise to help the industry enhance the value and service for all policyholders in their cyber risk mitigation efforts by:
- Providing industry best-practices to improve resilience to cyber risk;
- Proactively engaging with regulators, law enforcement and other security agencies to counter cybercrime and the rapid rise of ransomware;
- Developing systemic risk solutions and advancing cyber policy language to improve market efficiencies; and
- Analyzing cyber trends to provide enhanced visibility on cyberattacks and the causes of loss so that insurers can identify critical controls and educate policyholders on loss prevention strategies.
Joining Mark Camillo on the leadership team is Monica Lindeen, former Insurance Commissioner for the State of Montana and past President of the National Association of Insurance Commissioners (NAIC), as Director of Regulatory Affairs; and James Schweitzer, a long-time veteran of the FBI and former COO of the National Insurance Crime Bureau (NICB), as Director of Law Enforcement Engagement.
“The cyber landscape continues to evolve with coordinated attacks becoming more frequent and disruptive,” said Camillo. “Combining resources from across the insurance industry will allow us to better understand cyber trends, anticipate and potentially mitigate future attacks, and help improve overall cyber resilience.”
AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers are among the group of cyber insurance underwriters that are sponsoring and supporting CyberAcuView. All CyberAcuView activities are conducted under strict antitrust review and guidance.
CyberAcuView aims to (1) help the insurance industry provide better value and service for policyholders in their cyber risk mitigation; (2) provide leadership in addressing cybercrime and increasing resilience to cyber risk; and (3) help ensure a competitive market for cyber insurance. CyberAcuView is industry-supported, working for the benefit of policyholders, the insurers that serve them, and the connected economy at large. For additional information, please visit our website at www.cyberacuview.com