As cyber attacks occur with increasing severity and frequency, cyber risk has moved to the top of many organizations’ critical risk lists. Organizations are exploring new methods and actionable steps to assess and quantify cyber exposure.

The cyber insurance market is creating both challenges and opportunities for risk managers and insurers. Here are four critical questions all insurers must answer before offering cyber coverage.

There is a significant need in the market to transform cyber assessments, information technology metrics, and information security into the common language of risk management.