RÜCKBLICK: FINANCIAL LINES - CYBER AM 29.11.2019
On Friday, 29 November 2019, the Deutsche Gesellschaft für Vermögensschadenhaftpflicht e.V. (DGVH) in cooperation with Insuralex and the ILF hosted the International Cyber-Insurance Conference "Cyber beyond Borders" at the ILF. The day in Frankfurt, Europe's digital center, started with a joint excursion to DE-CIX Frankfurt, the world's leading Internet Exchange Point. At DE-CIX Frankfurt, the international participants received a guided tour of the secured areas and learned about the security measures and the general operation of the world’s largest Internet Exchange Point.
International Cyber-Insurance Conference "Cyber beyond Borders"
In cooperation with Deutsche Gesellschaft für Vermögensschadenhaftpflicht e.V. (DGVH) and Insuralex.
The conference began with welcoming remarks made by Dr. Stefan Jöster (Heuking Kühn Lüer Wojtek), Mr. Markus English (Tokio Marine Kiln and ILF Lecturer) and Mr. Bill Perry (Carter Perry Bailey).
The first of four panels "The Local Market in Germany" commenced with a joint presentation "Germany – Emerging Market Markus English" by Mr. Markus English and Mr. Philipp Seebohm (FUNK Versicherungsmakler GmbH) and was closed by Dr. Lutz M. Keppeler (Heuking Kühn Lüer Wojtek) who talked about "BSI Basic Protection - New quasi-legal security standard?".
The Insuralex Roadshow "Markets Worldwide Examples from lawyer perspective" introduced the second panel "New Markets Worldwide – Bad Local Practice". Subsequently Mr. Theodoros Bitis (Hendricks GmbH) gave insight into "International Cyber-Insurance programs – best practice". The last speech of the second panel "Location of Cyber Risks" was held by Professor Dr. Michael Fortmann (Technical University Köln).
The third panel focusing on "The Pioneer Markets" consisted of speeches held by Mr. Loren D. Podwill (Bullivant Houser Bailey PC and president of Insuralex) who talked about "The Emerging Split Among U.S. Judicial Circuits Over Insurance Coverage for "Social Engineering" Fraud Claims Under Traditional Policy Coverages" and Mr. Thomas Pache (Risk Point), Mr. Jean Ballion de Latour (Marsh), Mr. Richard Eveleigh (AIG) and Mr. Ali Khodabaksh (MunRe) who shared their respective views on the question "What will come next from US/UK?".
The first speaker of the fourth and last panel "The Re-Insurance Market", Mr. Carsten Topsch (MunRe), presented the speech "Service makes the difference". The next speaker Mr. Aron Zeiler (SwissRe) spoke about "Cyber insurance from re-insurers perspective Capacities & risk accumulation" and the final talk on "Cyber Risks in Switzerland as being a "non admitted country" in the EU" was delivered by Mr. Christoph Frey (Kellerhals Carrard).
The final segment of the conference was a panel consisting of all speakers discussing their topics followed by questions from the audience. The conference at the ILF ended with a reception. The participants subsequently "dined around Frankfurt" in small groups at a variety of local restaurants where they were able to network and continue to discuss the day’s topics while enjoying food and drinks.
