Challenges or opportunities for brokers placing cyber risk

Content used to write this post was originally written by NU Property Casualty 360’s Managing Editor, Ms. Heather A. Turner

According to a Guidewire report the numbers for cybercrime in 2020, have almost doubled! In addition to an increase in attacks and breaches are the related budgetary allocations being made by small to mid-sized businesses for cyber insurance over the next 2 years. Ramping up cyber sturdy tools and in an effort to prevent cyber attacks are a necessary play in prevention for the ever evolving cyber market and being fought across the property and casualty landscape.


According to a report published by CyberCube, a data-driven cyber analytics company for the insurance industry, the growing cyber market is creating unique opportunities for brokers to set themselves apart from their competitors. By marrying their existing areas of expertise with their new found and or improved fundamental comprehension of insurable cyber risk and exposure, brokers can show and or remind buyers and prospects alike why they are indispensable.

The following list was created by CyberCube to further explore examples of challenges and opportunities brokers face in the cyber market today.

Click here to read the detail following Opportunities 1-4 written by Heather A. Turner, of NU Property Casualty 360. You must register for free account.

  • Opportunity No. 1: Brokers are trusted advisors
  • Opportunity No. 2: Brokers can add value by mapping exposure to coverages and policy terms.
  • Opportunity No. 3: Getting a “yes” from insurers.
  • Opportunity No.4: Standalone cyber is just one aspect of a well rounded insurance program.

Happy Women’s History Month from PEO Compass!!

In addition to the United States, Women’s History Month is celebrated in the UK and Australia. Though declared a formal ‘month’ by Congress in 1987, many have been celebrating the vital role of women dating as far back as March of 1911!

To discover more, visit the National Women’s History Museum or the Women’s History Month website sponsored by the Library of Congress.

For NAPEO members, this Thursday is the next Women in NAPEO (WIN) event of which Libertate is a proud sponsor. Teresa Carroll, President of Oasis, a Paychex Company will discuss the habits and behaviors that are holding women back as outlined in the book How Women Rise by Sally Helgeson and Marshall Goldsmith. For registration information, click here.

Finally, as a woman who has been fortunate enough to be surrounded by intelligent hard-working female role models her entire life (my grandmother being one of them – pictured below), I am so proud of this month! Sharlene Singleton, here’s to you!