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Here come the accountants — the codification of cyber risk

As Cyber insurance becomes a common element across the business landscape, accountants and actuaries will define the risks and assign financial value to these risks, otherwise known as codification.

By Chip Block | Updated on January 19, 2016

Headline writers and producers of “Shark Tank” want us to believe that all new products and ideas come from rising stars and Silicon Valley grads.

While many deserve the attention, we must also look to the explosion of new products, services and capabilities resulting from innovations emerging from disciplines such as marketing, accounting or finance. A compelling product that has risen out of corporate America is the entrée of the insurance industry as a major player in the development and deployment of cyber technology.

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