Insurance Post

Government open to concept of cyber risk pool

Minister of the Cabinet Office Francis Maude

Cabinet Office minister Francis Maude MP has not ruled out the possibility of a Pool Re-type arrangement to cover cyber crime risk.

A speaker at CFC Underwriting's Cyber Symposium yesterday, Maude, pictured, was asked whether government would be interested in a risk-pooled arrangement for cyber insurance.

Maude said: "We will look

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