#10 - Tom Spier: Cyber Insurance, the Infamous Sony Hack, & Data Protection

This week’s milestone episode features a very special guest, Tom Spier. Tom’s a seasoned (re)insurance professional with over a decade of industry experience, boasting a deep knowledge in his specialism of cyber insurance. The guys discuss the challenges of cyber, infamous attacks (some of which Tom has personal experience with), pricing risk, and GDPR compliance. CONNECT & SUPPORT: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss OUTLINE & TIMESTAMPS: 00:00 Intro 01:24 Tom’s Introduction to Cyber Insurance 03:04 Cyber as a New Line of Business 05:24 Quantifying Cyber Losses 07:08 Sony Hack: Hollywood Salaries 08:01 Frisk Risk: Movie Edition 12:00 Cyber Insurance & Overlapping Liability 19:48 Pricing Cyber Insurance Risk 22:53 Infamous Cyber Attacks 25:31 Gaps Between Actual Losses & Insured Losses 26:28 Pricing Innovation for Cyber Risk 28:51 GDPR & Data Protection