Happy New Year! We hope everyone had a great holiday season. In this week's Big I Buzz, we are sharing the cyber insurance themes to look out for in 2023 and details about this month's Spotlight Member Benefit of the Month. 

Continuing Education Options through Big "I" University

We know you have plenty of options for continuing education - some good, some bad and some truly ugly. To get you to the good (superior, really) Big "I" Virtual University's CE content is now available through ABEN, the exclusive provider for all VU continuing education webinars. The IIAW is part of ABEN which was created to offer professional training via live webcast technology. When tuning in, you have real-time interactivity with ABEN's expert instructors, useful PowerPoint presentations and supporting materials and live, streaming video of the virtual classroom! Plus, with ABEN CE, no test is required. 

They are offering webinars in the following categories: 

• Essential Commercial Lines

• Advanced Commercial Lines

• Essential Personal Lines

• Advanced Personal Lines

• Certificates of Insurance

• Workers' Compensation

Learn more about CE through ABEN here. 

Cyber Insurance Themes to Look Out For In 2023

Oliver Brew, Lockton Re, shared his list of cyber insurance themes to look out for in the new year. Here are the key themes to look out for - some are already underway and will accelerate while others are completely new. 

1. Rates stabilize and underwriting discipline continues

2. Regulators sharpen their focus on systemic risk

"The challenge is that there are few, if any  (depending on loss/definition thresholds), historic examples to act as benchmarks or guides of how severe these events could be. Given the speed of change to the threat landscape, any systemic event of the last few years is unlikely to be indicative of events which could happen in the coming year or beyond."

3. The trend away from quota share reinsurance will continue

4. Analytics will become increasingly integrated into all aspects of the cyber insurance value chain

5. ILS investors will (finally) meet their match with (re)insurers

Read Oliver's explanations for each trends here. 

For more news, check out the Action News section of our weekly e-newsletter, Big I Buzz. If you aren’t subscribed, click here to add your email to our emailing list. Additionally, we send out monthly newsletters with content curated just for you and your role. Make sure you're on the list to receive our communications by heading to bit.ly/industrynewsforyou to stay in the loop!