Insurance EuropeInsurance Europe
Position Paper
Key messages on EIOPA’s cyber underwriting strategy

Insurance Europe has commented on the strategic priorities that the European Insurance and Occupational Pensions Authority (EIOPA) published in February 2020 for the European cyber insurance market.

In its key messages, Insurance Europe particularly welcomes EIOPA’s recognition that a lack of quality data on European cyber incidents is impeding the growth of the market and highlights several key points to be taken into account when seeking to address this issue. It agrees with EIOPA that it would be worthwhile to explore a common taxonomy for cyber risks, stresses the need for insurers to continue to be able to develop innovative cyber products and opposes any introduction of minimum coverage requirements.

Published 15 June 2020