Plain words
What cyber insurance subjectivities are
Subjectivities are the conditions a cyber quote or policy is subject to, such as switching on multi-factor authentication by a date. Underwriters also call them contingencies or remediation conditions; to the business they are the security fixes the insurer or broker asked for, and the day each one is due.
- What is a subjectivity in cyber insurance?
- A condition the quote or the policy is subject to: something the business has to do, often by a date, such as switching on multi-factor authentication, keeping an offline backup or writing an incident response plan.
- Pre-bind and post-bind?
- Some conditions are asked for before the cover is bound, others after it, within a period the underwriter sets. Either way the schedule here treats day 0 as the date the underwriter or broker picks.
- Where do the conditions come from?
- From the answers on the proposal form or cyber application, and from the controls insurers commonly ask about. This tracker shows, for each one, the requirement behind it in the jurisdiction picked, so everyone reads the same condition the same way.
- Does closing every condition mean the business is covered?
- This page never says so. Cover is the insurer's decision; the tracker records what the applicant reports and when.