AM Best views cyber as key ERM priority for insurers

Insurers must focus their enterprise risk management (ERM)
efforts on assessing and mitigating against cyber risk in the face
of both operational and underwriting challenges from the exposure,
according to ratings agency AM Best.
In an ERM update today, the firm noted that the threat of cyber
attacks brings operational risk to the fore for insurers, just as
it does at any other business with exposure.
"Insurers are vulnerable to cyber attacks as much as the
nearest department store and...