The cyber-insurance market in Norway
Purpose: This paper aims to describe the cyber-insurance market in Norway but offers conclusions that are interesting to a wider audience. Design/methodology/approach: The study is based on semi-structured interviews with supply-side actors: six general insurance companies, one marine insurance company and two insurance intermediaries. Findings: The Norwegian cyber-insurance market supply-side has grown significantly in the past two years. The General Data Protection Regulation (GDPR) is found to have had a modest effect on the market so far but has been used by the supply-side as an icebreaker to discuss cyber-insurance with customers. The NIS Directive has had little or no impact on the Norwegian cyber-insurance market until now. Informants also indicate that Norway is still the least mature of the four Nordic markets. Practical implications: Some policy lessons for different stakeholders are identified. Originality/value: Empirical investigation of cyber-insurance is still rare, and the paper offers original insights on market composition and actor motivations, ambiguity of coverage, the NIS Directive and GDPR.
Year of publication: |
2019
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---|---|
Authors: | Bahşi, Hayretdin ; Franke, Ulrik ; Friberg, Even Langfeldt |
Published in: |
Information & Computer Security. - Emerald, ISSN 2056-4961, ZDB-ID 2810936-3. - Vol. 28.2019, 1 (18.10.), p. 54-67
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Publisher: |
Emerald |
Saved in:
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