Cyber coverage and cybersecurity solutions will be the focus of the inaugural NetDiligence Cyber Risk Summit Bermuda, at the Hamilton Princess and Beach Club next month.

The two-day event has a cocktail reception on March 13, with the following day featuring speakers and discussions on cyber coverage and cybersecurity solutions. It will bring together more than 50 speakers, and feature sessions looking at topics ranging from the evolution of cyber reinsurance, and the state of preparedness for cyber catastrophe, to silent cyber, business interruption losses, and the menace of ransomware. There will be breakout sessions, a fireside chat, and a keynote speech from Laura Galante, who is a senior fellow at the Atlantic Council.

US-based NetDiligence is a leading provider of cyber-risk readiness and response solutions. For the past eight years it has published its Cyber Claims Study, featuring actual losses for data breaches and other cyber-related events covered by leading cyber insurance carriers. The most recent report, published in November, revealed that the aggregate total breach cost for the year of the study was $640,000. The average claim for a large company was $8.8 million, and the average claim for ransomware was $229,000.

The NetDiligence Cyber Risk Summit, on March 13 and 14, is chaired by Sandra DeSilva, of Nova Limited; Giles Harlow, of Aon (Bermuda); Caitlyne Lindo, of the Bermuda Business Development Agency; Noel Pearman, of Axa XL; and Sarah Spurling, of Sompo International.

• For details about the conference, and registration, visit https://tinyurl.com/yyz8youf