The Federation of European Risk Management Associations (FERMA) has expressed concern about the ISO/IEC 27102 βInformation Security Management Guidelines For Cyber Insuranceβ standard, which is currently under development.
FERMA says that the proposed standard is βPremature and inappropriate in its current form given the fast pace of technological developmentβ and also states that βNo other insurance product is the subject of an ISO standardβ.
FERMA members, the UK risk management association Airmic, French association AMRAE and Belgian association BELRIM, and insurance industry representatives have also expressed concerns about the project.
FERMA has urged other member associations to help ensure their national standardization body is aware of the concerns of the whole insurance market.
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Source: DRJ New feed
