Insights From Paragon’s Cyber and M&a Insurance 2019 Event

Cyber risks are everywhere. And at the forefront of the battle to cover companies against them is specialist Lloyd's broker Paragon.

Last night, I was honoured to attend Paragon's invite-only Cyber and M&A Insurance 2019 event, held at their prestigious offices, at the heart of the City and literally a stone's throw across the road from world-leading cyber insurance market Lloyd's of London.

The event was hosted by the ever erudite James Kalbassi, CEO of Paragon, who introduced the speakers: two specialist cyber brokers from Paragon and Tom Kranz, Director of 6point6 , a technology consultancy with strong expertise in digital, emerging technology and cyber.

The event kicked off with with drinks and networking, where I met some fascinating people, including Eva Berg-Winters, the CEO of Bewica , which provides cyber insurance for businesses, with comprehensive support following data breaches and cyber attacks.

Event topics

The three expert speakers at the event covered a wide range of issues, under the following titles:

  • Cyber surgery - Protecting the balance sheet with Paragon Prime

  • Transactional Insurance: Winning Deals and Eliminating Liabilities

  • Deep dive into the Dark Web

Paragon at the forefront of cyber

Paragon's experts explained how M&A insurance has grown exponentially over the past five years and 2018 was another record year for the market, with over 4,300 transactions using M&A insurance around the world.

As a market-leader in cyber, Paragon uses proprietary technology tools to assess the risks at both ends of the transaction, accompanied by tailored risk transfer solutions and balance sheet protection.

We also heard about Paragon's recently launched online new cyber solution, ParagonPrime , an innovative offering designed to cover SMEs direct with cost-effective financial risk transfer solutions, as well as cyber risk management services and incident response support.

The dark web

Last, but not least, was Tom Kranz, who gave a fascinating talk, with gripping insights, about the dark web. Apparently, it is much like the web we know, but hidden, with online shopping similar to eBay, but for weapons, drugs and worse, plus customer reviews and hacking forums.

As I mentioned in my introduction, cyber risks are everywhere, however for the uninitiated they may not be apparent or obvious, so if you are unsure of what your risks are and how to mitigate them drop Paragon a line or go online and check out ParagonPrime.

Niloufar Namvar