Cyber risk is a fast-growing exposure that has significant impact on large scale financial, commercial, government, utility projects, and infrastructure. This session will explain what cyber liability coverage is intended to insure, what types of exposures exist for cyber risk, and what the typical terms of cyber policies offered in the market. This presentation includes the cyber-related exposure, global legal environment, cyber insurance policy wording, and underwriting issues from both insurer and reinsurer's perspectives.