CFC: Industry is failing firms on cyber
Graeme Newman chats about cyber insurance, the benefits of being an MGA and the firm's strategy following its recent management buyout.
The UK insurance industry is failing businesses when it comes to cyber insurance, according to CFC Underwriting chief innovation officer Graeme Newman.
“I’m not convinced insurers or brokers are getting cyber,” Newman told Insurance Age.
He added that because many brokers and insurers don’t have enough knowledge about it they struggle to articulate how cyber insurance works and why businesses need it.
“The product is great, but insurance doesn’t have a great reputation so a lot of clients
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