Lack of standard terminology stifles cyber insurance growth

1/8/2019 4:44:00 AM

Source: Business Insurance

U.K.-based cyber insurance comparison platform Cyber|Decider has said that the lack of standard terminology in cyber insurance policies is causing confusion for brokers and customers and is ultimately stifling market growth, UK Tech News reports. Cyber|Decider said that there is a lot of confusion about the policies available and the terms of cover because insurers fail to use standard wording.