Daily Digest: Disruptive sectors will change cyber, Cyber scanning tools ‘no substitute’ for expertise, Ample cat capacity during mid-year renewal

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Disruptive sectors will force the evolution of cyber insuranceThe term “cyber” inadequately captures the nuances and complexities of the risks insurers will need to address, according to Donavan Burgess, senior vice-president and underwriter for digital assets, cyber and professional lines at Relm Insurance. Bermuda-domiciled Relm is focused on “making innovation resilient”, Burgess says, by providing specialised insurance products for emerging sectors such as digital assets/Web3.0, cannabis, psychedelics, e-gaming, artificial intelligence and “all things disruptive” technology. Speaking to Insurance Day, Burgess says a shift in focus is needed among cyber insurers.