On September 28, Shanghai Banking and Insurance Regulatory Bureau guided Shanghai Insurance Industry Association to release the first domestic network security insurance service group standard "Network security Insurance Service Standard" (hereinafter referred to as "service standard"), which will effectively promote the construction of network security guarantee system in the era of digital economy. At the same time, it is also an important starting point for Shanghai to build an international financial center and build an innovation highland of the cybersecurity industry.

In recent years, the risk dispersion and security underpinning functions of network security insurance in the network security industry ecological chain have been more and more widely recognized. The implementation of the "Service Specification" will help insurance consumers and all parties in society to supervise and evaluate the quality of network security insurance service, promote the continuous improvement and upgrading of network security insurance service quality, effectively protect the legitimate rights and interests of insurance consumers, and enhance customer service experience.

From the perspective of content, the Service Specification has formulated unified standard requirements for insurance companies to carry out network security insurance business in underwriting, risk control, claims services and other aspects, especially for pre-underwriting risk assessment services, risk management and control services during underwriting, emergency response services after incidents, and insurance claims services. It reflects the determination and action of Shanghai Insurance industry to make network security insurance effectively become the basic digital capability of enterprises under the new ecology of "insurance + service + technology".

At present, security technical service standards and service capability evaluation standards for network security insurance are also being formulated. These two supporting standards will guide network security insurance designated service providers to carry out relevant security service support work, and help relevant parties identify and evaluate the capabilities of various network security insurance service providers to achieve two-way enabling of insurance and technology. Finally, it will guide the healthy and orderly development of the network security industry, so that customers can obtain high-quality, reliable and perfect network security services.

It is reported that the "Service specifications" by PICC property insurance Shanghai branch, Pacific Property Insurance Shanghai branch, Ping An Property Insurance Shanghai branch, Zhongan Insurance, Dadi Property insurance business Department, Guoshou Property Insurance Shanghai branch and China Fortune Reinsurance Shanghai branch and other seven insurance companies jointly drafted and committed to implement.

Source: Shanghai Securities News · China Securities Net