A unique conference specifically dedicated to exploring the unique dynamics and fast-evolving world of cyber risk and insurance in the US will take place in Chicago this May. More than 150 senior carriers and brokers

dedicated to understanding, managing, mitigating and insuring cyber risk will hear from more than 40 specialists working at the cutting edge of this risk landscape at a two-day event on May 16 and 17, titled ‘Cyber Risk and Insurance Innovation USA 2023’.

Intelligent Insurer, the publication behind the event, wanted to pioneer an event dedicated to exploring how the cyber crime landscape has evolved in recent years—and how the cyber insurance market is responding amid once-in-a-generation market conditions and a threat that changes and evolves constantly.

Held at the Hilton Embassy Suites, Chicago Downtown, the event will explore the challenges re/insurers and their clients face in grappling with the challenges of surging cyber attacks, increasing premiums yet reduced capacity, and the changes and restrictions being implemented in terms of scope of coverage.

Attend ‘Cyber Risk and Insurance Innovation USA 2023’ as 40+ senior executives from Beazley, CFC, Munich Re, Zurich, Tokio Marine HCC, Brown & Brown, Allianz, and Acrisure examine the unique risks and opportunities senior executives operating in this space must grapple with when making strategic decisions around underwriting, risk management and mitigation.

Delegates will hear directly from some of the biggest cyber players, who will help map a pathway to how to profitability underwrite this risk and achieve growth. The event will also offer expert insights on the changing dynamic between re/insurers and buyers around cyber risks, explore new ways of understanding and managing the risks, and discuss how carriers can adjust and realign their underwriting appetite, as capacity is constrained, and price expectations continue to adjust.

Rachael Gore, portfolio head for insurtech events, Intelligent Insurer, said: “Cybercrime is considered a huge emerging threat and leaders are now beginning to acknowledge the growing importance of the issue. A sound cyber insurance market has its role to play and is expected to grow exponentially, almost doubling in size in the next five years.

“However, despite being one of the fastest-growing markets over the last decade, significant challenges remain. With cybersecurity attacks surging, premiums continue to increase, capacity is being reduced, and coverage restricted. As the market needs to find a balance between buyers’ demand for affordable cyber cover and insurers protecting themselves from systemic losses, what steps can the industry take to create a sustainable and affordable market for all? That is the question we believe this event will answer.”

Featuring more than 40 cyber insurance specialists as speakers and delivering two days of networking and thought-provoking content, the event will deliver a powerful combination of in-depth case studies, interactive panels and lively debates designed to deliver the strategic insight that insurance executives need to instigate and deliver innovation in this fast-evolving and complex space.

The speakers and panellists are all experienced insurance professionals with specific knowledge and hands-on expertise working on the front line of this rapidly changing landscape in the US.