Blog: Lloyd's will need to provide clear guidance for both MAs and the market when implementing cyber war policies
Lloyd’s of London recently released a proposal for its managing agents to exclude war and state-backed cyber attacks from stand-alone cyber war policies. Aaron B Cain, cyber security consultant at Altus, considers the challenges that Lloyd’s will face when implementing its proposals and how it will be able to keep the insurance market happy.
The only constant in the world is change. In September 2021, the Lloyd’s Marketing Association started circulating to insurers and underwriters model clauses, excluding certain types of cyber attacks
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