Task Force Purpose – Leverage the knowledge of NAMIC members to increase the association’s subject matter expertise on cyber risk issues.
General Task Force Value Proposition – Task Force members will assist NAMIC’s State Affairs Committee, Federal Affairs Committee, and the NAMIC Board of Directors in formulating association policy regarding legislative and regulatory cybersecurity risk issues at the state and federal levels.
General Task Force Responsibilities – The Cyber Insurance Task Force shall monitor, advise, communicate, and proactively impact federal and state legislative and regulatory issues involving cybersecurity risk insurance that affect the property/casualty insurance industry. Specifically, the Cyber Insurance Task Force will:
Analyze regulatory and legislative developments and craft policies on evolving cyber risk insurance -related legislation and issues.
Make recommendations to relevant government bodies and staff on association policies that relate to cyber risk insurance -related public policy concerns, issues, and opportunities.
Recommend opportunities, as appropriate, to shape the cyber risk insurance -related debate in Congress and state legislatures across the country.
Generate awareness and understanding for the broader association and staff on cyber risk insurance -related issues affecting the insurance industry.