Cybercrime is one of the biggest manmade risks we are facing this century, with businesses all over the world at risk – including in Denmark. With the frequency and severity of these attacks increasing, businesses need a robust, well-developed plan in place to survive a cyber crisis, including understanding their most valued assets, and making sure that they are fully protected. That includes having insurance in place for when things go wrong.
Insurers and intermediaries know that innovation has the potential to disrupt their current business and operating models. And they know that they need to innovate faster than their competitors to defend and grow their business. Yet few have found a ‘winning formula’ for embedding innovation into their people, products or processes.
By Yang Xiaoling (Chief Digital Officer of China Pacific Insurance (Group) Co., Ltd.)
Jack Ma made a remark in 2008: “If the bank does not change, we will change the bank.”