Cyber – Page 21
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NewsOne week left to sign up for in-person BrokerFest 2021 conference
Brokers are able to register to attend the one-day event for free
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Sponsored ContentShield small business clients from increased cyber risks — Travelers
With businesses now returning to office-based working, Travelers Europe’s head of cyber Davis Kessler suggests how small businesses should protect themselves from increased cyber risks
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NewsLloyd’s broker partners with Amazon Business for tailored insurance proposition
It is the only UK insurance partnership from Amazon Business
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NewsRansomware 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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NewsZurich teams up with Toronto-based cyber insurtech
Zurich will be participating in the insurtech’s series A funding round
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NewsUK executives most concerned about technology disruption risks in 2021 – Beazley
Beazley’s global head of cyber and technology says collaboration and communication between the broker, insurer and customer is more important than ever
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NewsUK 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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NewsBeazley 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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NewsTokio Marine Insurance Singapore falls victim to ransomware cyber attack
The group has since hired an external specialist to verify the impact of the attack
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NewsAIG 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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NewsHiscox 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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NewsCyber insurance ‘needs to evolve’ as it is ‘not the right product’ for the future – Hiscox
Incoming chief executive says the insurer is reaping the benefits of taking a more preventative stance
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NewsCII 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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News AnalysisRansomware surge could see cyber become next Covid-related crisis
Cyber-linked business interruption cover ’should be viewed as vital’ as research confirms that 17% of UK businesses have experienced more cyber attacks since Covid-introduced homeworking measures
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NewsInsurers 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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NewsCyber 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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NewsGlobal cyber insurance pricing increases by 32% – Howden
The rampage in ransomware now poses a predominant threat to businesses of all sizes
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NewsLack of cover leaves SMEs exposed to cyber attacks – Aviva
Over three-quarters of businesses do not have any cyber insurance cover in place, despite escalating digitisation
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News‘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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NewsPerception that extortion cover fuels cyber crime is ‘misguided’ – CFC Underwriting
The firm’s cyber development leader believes ‘the last option we want is to remove extortion coverage’, but that applying sub-limits could be a viable route forward
