The general management of the State Treasury established a working group to offer insurance to cover cyber risks. A call for comment was sent to CEOs, CIOs and risk managers.
AdvertisingThe growth of cyber risks worries the Minister of Economy, in particular, significant waves of ransomware programs. This is indeed a factor of systemic fragility for the country’s companies. Among the tools that can enable companies to get back to normal or even better prevent incidents, it is clear that cyber insurance has its place, as do value-added support services for cyber insurers. However, the current offerings in the market are often ignored or even unclear, their place alongside general insurance, including cyber provisions, which are so unclear to business managers. Bercy is concerned about this, as was recently the AMRAE (Association for Risk Management and Business Insurance).
The sub-direction in charge of insurers, the General Treasury (State Treasury), has therefore created a working group aimed at creating a cyber insurance proposal adapted to the needs of the economy and sustainability concerns. This working group includes experts from both the minister and outside. He made a call for participation in this topic, in particular, from company managers, information security leaders and risk managers. The goal is to submit recommendations to the government by the end of the year so that the action plan can be launched in early 2022.
Bertrand Lehmer, Chief Editor of the CIO
Follow the author on Linked In.
Share this article