If insurers stopped taking statements and written, signed ones are better than recorded they will spend more defending lawsuits than they would settling owed claims.
With the rise of Insurtech, insurers now have a plethora of tools to assist in field information gathering. This includes the use of apps, SaaS solutions and drones.
In a bid to spread better threat awareness, the cyber insurer will offer discounts on its policies to any client that has a vulnerably disclosure and bug bounty program.