Reassessing Exposure and Coverage due to IoT
The IoT is everywhere; and for businesses, it represents the future by giving them greater scope to deliver more solutions and platforms for customers. However, Risk Managers need to build a knowledge base to provide stability and a check on exposures for their organizations created by entering into this area.
During this session, Acuity Brands will share how an initial due diligence request, resulting from an acquisition, uncovered the necessity to take a more focused and comprehensive look at and approach to cyber and errors and omissions coverage. This session will cover how they created a program that protects against risks related to their products. They will address how they dove into knowledge building to lay the groundwork that helped them define the program and exposures. They will also share how this journey has led to discussions about the enterprise risks with internal stakeholders and how it has resulted in making risk management a part of the on the future state of products to guard against potential risks.