#63 - Tom Draper: Cyber Insurance - podcast episode cover

#63 - Tom Draper: Cyber Insurance

Jul 11, 202347 minEp. 63
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Episode description

We’re joined this week by Tom Draper, Head of Insurance at Coalition. Jerad and our guest co-host Tom Spier (who also happens to be Supercede’s in-house cyber expert) discuss how companies in cyber markets can protect against heavy capital demands, responding to market cycles, and the benefits and disadvantages of AI.


EPISODE LINKS: Tom's Linkedin: https://www.linkedin.com/in/thomas-draper Coalition's Linkedin Page: https://www.linkedin.com/company/coalitioninc Coalition Website: https://www.coalitioninc.com Luther: https://www.luther.co.uk 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

Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro

(00:40) Tom’s Early Career

(02:19) Head of Insurance Explained

(04:18) Product Evolution at Coalition

(05:48) Protecting Against Capital Demands

(10:05) Responding to Hardening Market Conditions

(11:58) Issues With Cyber Cat Modelling

(18:45) Sales Approaches for Cyber Security

(20:50) Protecting People Globally

(22:58) What’s Next for Coalition’s Expansion?

(25:06) Proactively Preventing Exploits

(28:41) Lloyd’s War Exclusion 

(36:19) Benefits & Limitations of AI & ChatGPT

(44:14) What Will Happen In the Upcoming Renewals?

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