Nearly every CEO, CRO or CISO is plagued by frustration that their cyber insurance broker cannot benchmark the amount of cyber insurance they need, and most approaches used by brokers – such as historical purchasing data or comparative metrics – do not align with how claims are paid. In this guest article, Ariel Evans, CEO of Cyber Innovative Technologies, explains the metrics on which claims are paid, considerations for calculating limits, and how to calculate limit adequacy. See “Guidelines for Securing Effective Cyber Insurance Policy Terms” (Apr. 17, 2019).