Attribution, degree of damage and the insured’s ability to bounce back are all challenges that cyber insurers must continue to wrestle with
By Yiannis Kotoulas
Back in summer last year (16 August 2022), the world’s premier insurance marketplace and biggest provider of cyber insurance made a move that shocked some players in the market.
In a bulletin, Lloyd’s of London told its underwriters that, from 31 March 2023 and at the inception or renewal of each policy, they would be required to include exclusion clauses for particularly serious state-backed cyber attacks within standalone cyber policies.
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