Innovation Insurance Group

  • Home
  • About
    • Company Profile
      • Annual Reports
        • 2014 Annual Report
        • 2013 Annual Report
    • Ty R. Sagalow
    • Lisa Vivori
  • Our Services
    • Expert Witness
    • InsurTech
    • Product Development
      • Product Development Case Studies
    • Directors and Officers Insurance
    • Cyber Risk Insurance
    • Bitcoin Insurance Agency
      • BitCoin 101
      • Bitcoins FAQ
      • Bitcoin Video Series
      • Publications and Interviews
  • News
    • Speaking Engagements
    • IIG in the News
    • Bitcoin Industry News
    • Events
    • World Risk and Insurance News
      • Web Series Hosted
        by Ty Sagalow
        • What’s New in Insurance?
        • Innovations in Insurance
      • Interviews of
        Ty Sagalow
    • Gallery
  • Leadership
    • Publications and Interviews
      • Innovation and Product Development
      • D&O Insurance
      • Cyber Risk Insurance
      • Reputation Risk
      • Bitcoin
    • Innovation
    • Emerging Risks
      • InsurTech
      • Reputation Risk
      • Crowdfunding
      • Bitcoin Risk
      • Cyber Risk
    • Thoughts from Industry Leaders
  • Clients
    • Clients
    • Testimonials
    • Partners
      • Advisen, Ltd.
      • Hanover Stone Partners, LLC
      • CLM Advisors
  • Lemonade Book
    • Book Store – Buy the Book
    • Book Overiew
    • Interviews with the Author
    • Book Signing Gallagy
  • Contact Us
You are here: Home / Our Services / Cyber Risk Insurance Services

Cyber Risk Insurance Services

As the issue of cyber risk continues to grow and gain national attention, insurers, MGAs and brokers increasingly seek to provide their clients with relevant and best-of-market cyber risk solutions. These providers turn to Innovation Insurance Group for help establishing relationships in the cyber insurance arena and ensuring access to the most current and competitive cyber products. In some cases, IIG may create new or revise existing cyber policies.

Corporate executives and risk managers look to Innovation Insurance Group for an independent perspective on cyber risk. Working closely with your Risk Manager and CIO or CTO, Innovation Insurance Group assesses your company’s cyber exposure and helps develop a comprehensive cyber insurance strategy for your organization.

As an independent consultant, IIG offers an objective approach to cyber insurance. We will evaluate your current insurance policies and compare to what’s available in the market, recommending improvements or changes if appropriate. We can work closely with your broker, or we can negotiate directly with underwriters on your behalf.

2016 Update: According to PricewaterhouseCoopers, “Insurance 2020 & Beyond: Reaping the dividends of cyber resilience” (2015), p. 10 the global cyber premium market will reach $5 billion by 2018 and at least $7.5 billion by 2020.  On a related note, as of January 1, 2016, state regulators introduced a new sub-line of insurance, identified as “Cyber Liability,” under the broader “Other Liability” line.  Because of this, we can expert a more accurate analysis of the size of the “standalone” cyber insurance market.  (BTW, this change also makes standalone cyber policies fall under the requirements of TRIA.)

Print Friendly, PDF & EmailPrint Friendly
Share

Cyber Insurance

Ty Sagalow is a worldwide authority on cyber-exposure and insurance. He is former Executive Vice President and Chief Operating Officer of AIG eBusiness Risk Solutions, the world’s largest provider of cyber risk insurance, where he created the first cyber risk insurance policy.

He is former Chairman of the Internet Security Alliance, a Washington DC-based trade association that deals with issues of cyber risk and national security. cyber-risk and national security.

Mr. Sagalow has spoken on the topic of cyber risk in many forums, including the White House. He appeared on television with Alexander Haig and has given testimony before the United States Senate.

He has authored numerous works on the subject, including @Risk - The Definitive Guide to Cyber Risk Insurance Issues and The Financial Management of Cyber Risk, published by the Internet Security Alliance in conjunction with the American National Standards Institute and used as the basis for a first-of-its-kind role play of what happens inside the "C" suite when a network security crisis occurs in the absence of a coordinated cyber strategy.

Cyber Risk Publications and Interviews

Ty Sagalow Discussing Cyber Liability and Insurance on C-Span circa 2000

LA Times: Spending on Cyberattack insurance soars, quoting IIG CEO Ty Sagalow

Insurance Thought Leadership Speaks with Ty Sagalow on Cyber Risk

Cyber Crime in the News: Responses to Cyber Risk

A Look at Cyber Risk of Financial Institutions

The Financial Management of Cyber-Risk

Boardroom Role Play of Personal Identity Theft

Ty Sagalow Comments on the Cyber-Insurance Market

Sony Sues Zurich for Insurance Over Cyber-attack

Company Profile

Innovation Insurance Group is an insurance consulting firm and insurance brokerage founded by 30-year insurance executive, Ty R. Sagalow, former Chief Underwriting Officer, General Counsel and Chief Innovation Officer at AIG, and former Chief Innovation Officer at Zurich, NA and Tower Group. IIG focuses on three core practice groups: product development, expert witness services (primarily in the Management and Professional Liability areas), and bitcoin industry brokerage services.

Learn more about Ty R. Sagalow
Learn more about Innovation Insurance Group
Learn more about InsurTech Consulting
Learn more about Bitcoin Insurance Agency

Innovation Insurance Group, LLC BBB Business Review

Featured Topics

  • InsurTech
  • Innovation and Product Development
  • Directors & Officers Liability Insurance
  • Cyber Risk Insurance
  • Reputation Risk
  • Bitcoin Risk and Insurance
  • Emerging Risks
  • Interviews of Ty Sagalow
  • Gallery
  • Testimonials
  • Speaking Engagements

Featured Video Series

  • "What’s New in Insurance with Ty Sagalow"
  • "Innovations in Insurance hosted by
    Ty Sagalow"

Recent Speaking Events

  • CIIA Conference: Innovation, Culture and Technology
    May 13, 2021, Chili (Virtual)
  • Latin American Conference New Perspectives and Innovations for the Future of Insurance
    Nov 4, 2019, Mendoza, Argentina
  • Reactions North America Re/Insurance Conference
    Sept 26, 2019, New York
  • Global InsuTech Conference
    June 18, 2019, New York
  • InsideTech
    June 13, 2019, New York
  • Latin America Reactions Conference, InsurTech
    May 23 2019, Miami
  • AIMU/MICA Marine Insurance - A Global Perspective: The Future of Insurance
    June 21, 2018, New York
  • 12th Property Innovation Summit: InsureTech and the Lemonade Way of Claims
    May 2, 2018, St. Petersburg, FL
  • Italy Insurance Forum
    April 11, 2018, Milan, Italy
  • FST: The Future of Insurance
    March 6, 2018, Sydney, Australia
  • Artificial Intelligence Conference
    January 29 - 30 - Miami Beach
  • Kennedys leadership summit: What Law Firms Can Learn from InsurTech
    January 20, London
  • All Speaking Engagements
    • 2016 Insurance Consultants Award
      2016 Insurance Consultants Award
    • 2017 Insurance Consultants Award
      2017 Insurance Consultants Award
    • 2017 Insurance Expert Witness of the Year
      2017 Insurance Expert Witness of the Year
    • AI 2017 InsurTech Consultant of the Year Award
      2017 InsurTech Consultant of the Year Award - AI International
    • 2018 Best Advisor Award – M&A Today
      2018 Best Advisor of the Year - M&A Today
    • 2018 Best Consulting Firm – Lawyers International
      2018 Best Consulting Firm - Lawyers International
    • 2018 Best Advisor of the Year - Corporate USA Today
      2018 Best Advisor of the Year - Corporate USA Today
    • 2018 Insuretech Consultant of the Year - Business Excellence
      2018 Insuretech Consultant of the Year - Business Excellence
    • 2019 50th Fasting Growing Company
      2019 50th Fasting Growing Company

    Copyright © 2023 Innovation Insurance Group · Offices at Short Hills · 51 John F. Kennedy Parkway, First Floor West · Short Hills, NJ 07078 | Site Map | Log in