Cyber Insurance and NIS2: From Regulation to Corporate Resilience in the Digital Era
In a business environment where every company depends on digital infrastructure, cybersecurity has become more than a technical concern: it’s now a strategic priority. This was the central message at the “Cyber Insurance & NIS2 – Regulation, Risk and Liability in the Digital Era” conference, organized by Leader Team Insurance Broker, which brought together experts in cybersecurity, insurance, and regulatory compliance from Romania and abroad.
The event explored how the European NIS2 Directive—recently transposed into Romanian law—redefines corporate responsibility in the digital age, and how Cyber Insurance is becoming an essential instrument not only for compliance but also for ensuring operational continuity and long-term business stability.
The NIS2 Directive significantly raises the bar for cybersecurity across Europe, imposing strict standards on thousands of entities in key sectors such as energy, healthcare, transport, IT services, digital infrastructure, and telecommunications. Organizations are now required to implement clear governance structures, robust risk management processes, and incident response strategies. They must also report major cyber incidents within 24 hours and provide detailed follow-up reports in the following days and weeks.
Non-compliance comes at a high cost: fines of up to €10 million or 2% of global turnover for essential entities. Yet, beyond penalties, experts argue that NIS2 compliance represents an opportunity to strengthen business resilience and improve trust across the entire supply chain.
“In an increasingly digitalized economy, cybersecurity is no longer optional, but a strategic necessity,” said Alexandra Elena Durbacă, CEO of Leader Team Insurance Broker. “The NIS2 Directive is more than a law—it’s a paradigm shift. Protecting digital infrastructure and data is now integral to business continuity. In this context, Cyber Insurance has evolved from a simple financial tool into a comprehensive risk management solution. It not only compensates losses but also provides immediate support during incidents—access to IT, legal, and communication experts, as well as rapid response services. Investing in Cyber Insurance is not just about compliance, but about building long-term stability, trust, and resilience.”
Just a few years ago, cyber insurance was seen as a niche product relevant mainly for large corporations or tech companies. Today, it has become an essential component of corporate risk management. A single ransomware attack or data breach can paralyze operations, expose sensitive data, and generate costs that exceed hundreds of thousands of euros—ranging from business interruption to regulatory fines and reputational damage.
“Without insurance, a single incident can destabilize or even destroy a business,” warned Georgia Dicker, Cyber Insurance Expert for UK & EU at CFC Underwriting – Lloyd’s of London. “Modern cyber insurance is no longer limited to compensation. Leading insurers now focus equally on prevention and response. Policies include proactive services like vulnerability scanning, phishing awareness training, and continuous monitoring. A comprehensive policy covers not only direct losses, but also incident response costs, data restoration, ransomware payments, and third-party liabilities. The real value, however, lies in the immediate operational support—24/7 access to IT experts, legal advisors, crisis communication specialists, and recovery teams who can mitigate the damage in real time.”
Dicker emphasized that the most effective approach combines preventive measures with insurance protection. “No company can completely eliminate cyber risks. But by implementing multifactor authentication, employee training, and clear incident response plans—together with adequate insurance—businesses can drastically reduce the impact of attacks and recover faster.”
As Romania and the EU step up efforts to protect digital infrastructure, companies that treat cybersecurity and insurance as core elements of their strategy will have a competitive edge. Beyond regulatory compliance, they will gain customer trust, ensure business continuity, and protect their brand reputation.
The “Cyber Insurance & NIS2” conference highlighted a clear message: in the digital era, resilience equals readiness. Cybersecurity is not just about technology—it’s about governance, culture, and foresight. And in this new landscape, Cyber Insurance stands as both a shield and a strategic enabler for sustainable business growth.
