The cyber insurance industry has been challenged by the rising costs of cybercrime. The element of unpredictability of the cybercrime world does not work well for the industry. New coverage and rising renewal rates are major concerns. Premiums are rising by 10- to 20-fold. Recent research reports show that 70% of cybersecurity professionals believe insurance payments to companies that have paid a ransom exacerbate the problem and cause more attacks. Moreover, cyber insurance companies are targets themselves. The question on everyone's mind is to what extent is cyber insurance fueling ransomware attacks? The session will cover: Will ransomware ultimately lead to the fall of cyber insurance companies? How cyber insurance industry must approach the problem of ransomware; The growing influence of insurers on the security programs for enterprises. Diktesh Singh Puri, Global IT and Cloud Operations Head, Reckitt Benckiser Inc. Puri heads the global IT and cloud operations at Reckitt Benck