CYBER
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Latest NewsUK cyber insurance pricing up by 102% – Marsh
The Russia-Ukraine war has put pressure on the insurance market
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Latest News
Businesses caught in cyber crossfire of Russia-Ukraine conflict cannot rely on insurance for protection – Databarracks
Businesses should focus on their resilience to cyber attacks as acts of war are excluded from cyber insurance cover
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Latest News
Challenging cyber insurance market in 2022 will force major insurer withdrawal - report
‘Bottom line, insurers have been collecting small premiums while facing near infinite risks’, says senior analyst
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Airmic 2021: Cyber market still perceived as ‘hard’
Insurance buyers are facing rising cyber risk and insurance challenges, but are there green shoots of a market softening more generally?
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Latest News
Ransomware drives harder cyber response from insurers
Cyber losses could shift to hit reinsurance costs as insurers embrace standalone products over packages to mitigate silent cyber risks
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Zurich teams up with Toronto-based cyber insurtech
Zurich will be participating in the insurtech’s series A funding round
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UK insurance industry remains ‘bullish’ about London’s future as an international hub
Technology, automation and digital investment are viewed as ‘top strategic’ priorities by insurance professionals
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Latest News
Beazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’
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AIG tightens cyber insurance limits as premiums climb
The insurer’s planned sale of its life and retirement business via an initial public offering is likely to happen in Q1 2022
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Hiscox continues to take action on cyber products following ransomware surge
Human error is the ’biggest vulnerability’ when it comes to cyber attacks, says the insurer
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CII exposes cyber risk knowledge gap
The lack of knowledge around cyber insurance could result in mis-selling and poor customer outcomes, according to the CII
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Latest News
Insurers must ‘increase their knowledge and expertise’ around cyber risks
If global multiline insurers do not stay on top of cyber trends, potential claims may ‘no longer be insurable in an extreme scenario’, says insurance director
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Cyber insurance industry predicted to exceed $20bn GWP by 2025 – GlobalData
The pandemic has triggered a ‘permanent shift’ in the way businesses operate, which will push the demand for commercial and personal cyber cover
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‘Futuristic’ CFC syndicate will have ‘key role’ in Lloyd’s market
Lloyd’s boss John Neal deems CFC a ’frontrunner in cyber products’
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Guidewire backs draft Online Safety Bill extension to include financial scams
Guidewire’s chief innovation officer says that cumulatively, financial scams risk the reputation of the industry
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Features
Briefing: Brokers’ risk management role is key in preventing ‘contentious’ cyber ransom payments
The recent Colonial Pipeline cyber attack should act as a ‘wake-up call’ for businesses to better prepare for this emerging risk – and brokers are fundamental in laying risk mitigation groundwork
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Insurance Times Cyber Product Report October 2018
Ratings and reviews of what cyber products are available from insurers
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Latest News
THE BRIEFING: Personal lines broking
Personal lines broking: The risks of unrated insurers, the threat of Amazon, dual pricing and insuretech
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Latest News
Insurance Times Salary Survey 2018
Salary survey: Comparison of CEO pay Brokers, claims, underwriters, operations - average earnings per region Gender pay gap – all insurers and brokers ranked
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Latest News
Two thirds of manufacturers without cover despite serious cyber threat
New report finds while nearly half of UK manufacturers have suffered a cyber attack, the majority don’t have insurance against a cyber breach
