On September 28, the Shanghai Banking and Insurance Regulatory Bureau guided the Shanghai Insurance Association to release the first domestic cyber security insurance service group standard "Cybersecurity Insurance Service Specifications" (hereinafter referred to as the "Service Specifications"). This group standard will effectively promote the digital economy. The construction of the network security system in this era is also an important starting point for Shanghai to build an international financial center and build an innovation highland for the network security industry.
In recent years, the risk diversification and security underpinning functions of network security insurance in the network security industry ecological chain have been increasingly widely recognized. The implementation of the "Service Specifications" will help insurance consumers and all parties in society to supervise and evaluate the quality of cybersecurity insurance services, promote the continuous improvement and improvement of cybersecurity insurance service quality, effectively protect the legitimate rights and interests of insurance consumers, and enhance customer service experience .
From the content point of view, the "Service Specifications" has formulated unified standard requirements for insurance companies to carry out cyber security insurance business in all aspects of underwriting, risk control, claims services, etc., especially for pre-underwriting risk assessment services, underwriting risk management and control services, incident The requirements for post-incident emergency response services and insurance claims services have been clarified, reflecting the Shanghai insurance industry’s determination and actions to make cyber security insurance the basic capability of enterprise digitalization under the new trinity of “insurance + service + technology”.
Currently, the security technical service specification standards and service capability evaluation standards for cybersecurity insurance are also in the process of being formulated. These two supporting standards will guide cybersecurity insurance designated service providers to carry out relevant security service support work, and help relevant parties identify and evaluate various The capabilities of similar cyber security insurance service providers can realize the two-way empowerment of insurance and technology, and ultimately guide the healthy and orderly development of the cyber security industry, allowing customers to obtain high-quality, reliable, and complete cyber security services.
It is reported that the "Service Standards" are issued by PICC Property & Casualty Insurance Shanghai Branch, Pacific Property & Casualty Insurance Shanghai Branch, Ping An Property & Casualty Insurance Shanghai Branch, Zhongan Insurance, Continent Property & Casualty Insurance Sales Department, China Life Property & Casualty Insurance Shanghai Branch and China Finance Reinsurance Shanghai Branch The company and seven other insurance companies jointly drafted and committed to implement it.
Source: Shanghai Securities News·China Securities Network
