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Over the last two decades, cyber insurance has gone from a product companies begrudgingly considered buying to a business necessity, the effectiveness of which can make or break an enterprise after a data breach.

David Derigiotis, brokerage president at the specialty insurer Flow, explained this evolution in a recent interview with PropertyCasualty360 about the firm's Cyber Insurance Mid-Year State of the Market Report.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].