Understanding Insurance Risk

Understanding Insurance Risk

Insurance is essentially a sophisticated game of chance, where insurers evaluate the balance between the payouts they might need to make during the coverage period and the premiums they can charge. This delicate equilibrium hinges on risk assessment. When it comes to insuring against specific perils like fire, insurance companies send experts to scrutinize the safety measures in place. If your risk profile resembles a scene with candles, a furnace, and someone pouring gasoline, don't expect fire insurance because the risk here is simply too high.

Watch the full episode: "Cyber Insurance - Does it Create More Problems than it Solves?" https://youtu.be/aH0uz-Rg3SA

GUEST BIOS

🔒 Iain Pye is a Cybersecurity, Data Protection and Risk Specialist with over 20 years of experience in the public and private sectors. Iain has worked in a range of industries from finance, legal, security and government. When Iain is not fighting fires or arguing personal data ethics, Iain likes exploring the world with his family and occasionally going for a run through the Fens with the dog. If the dog is up for it, which she is usually not.

🔒 Chris Dawson is a former Royal Marine of 11 years. He moved into the private security sector in 2012 taking up various roles across the globe, from hostile environments to the corporate world, advising and implementing security protocols in multiple sectors while gathering and learning as much as possible along the way.

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https://www.razorthorn.com/critical-infrastructure/

With new episodes every other Wednesday, Razorwire is a podcast for cybersecurity enthusiasts and professionals providing insights, news and fresh ideas on protecting your organisation from hackers.

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