Cyber – Page 26
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ReportsThe Digital Broker Report: From disruption to collaboration
The digital broker report reveals the insights found from the Insurance Times digital transformation survey and discusses key topics with industry experts
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NewsSmart home device hacking risk could be opportunity for brokers
Over half (52%) said they were concerned how children interact with voice assistant smart devices
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NewsLloyd vs Google: The implications for brokers and insurers
The legal case has thrown open the doors for privacy liability exposure claims as it represents a dramatic shift in the favour of claimants
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NewsSecurity professionals view cyber insurance as a ‘necessary evil’
A third of those that work in cyber security think that cyber insurance is good
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NewsDue diligence for cyber risk “good” or “excellent” say 23% private equity professionals – Mactavish
Some respondents in the survey believed that cyber cover was too expensive listing this as the main obstacle to obtaining it
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NewsSIB says brokers must be prepared to provide customised cyber cover
The professional body has recommended what brokers can do to tailor cyber cover
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NewsExpert calls for household cyber cover
A growing dependence on connected devices inside the home had created a demand which now needed to be met
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NewsBroker and underwriter data prime target for cyber crooks
The insurance sector remained an attractive target to both cyber criminals and cyber attacks by those engaged in espionage
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Online onlyWorld Economic Forum: Cyber attacks biggest risk facing European businesses
Asset bubble risks and interstate conflicts round off the top three
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NewsHuman error accounts for 75% of cyber claims this year
CFC Underwriting is releasing monthly anonymous cases studies on cyber claims in a bid to raise awareness
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NewsUK SMEs shoulder £8.8bn crisis costs, broker finds
Cyber-attacks, data breaches and cyber extortions accounted for 15% of all ’crisis’ events
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NewsCyber insurance for schools: an untapped market for brokers?
A lack of funding and untailored cover has meant schools are easy prey for hackers, but what can brokers do?
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NewsABI calls for cyber breach data to be publicly available as claims payout rates hit 99%
The request follows recent high-profile cases like the Marriott hotel and British Airways (BA) data breach
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AgendaCyber risk to HNW individuals is growing
Insurers move to include cyber in high net worth products as social engineering and business email compromise attacks rise
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Online onlySelling cyber seen as key to bright broker future
Most SMEs still didn’t have cyber cover, as of 2018 - which is a great opportunity for brokers to expand their business
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NewsInsurance industry mulls impact of ‘landmark’ BA data breach fine
What warnings can the insurance industry heed from the ”record” fine levied against BA for its data breach?
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Online onlyMany cyber policies not fit for purpose, says broker
Broker says too many companies are taking out cyber insurance as an add-on to professional indemnity policies
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NewsBrokers reveal biggest challenges to selling cyber cover
With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem
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Online only38% of brokers have never sold a cyber policy – Ecclesiastical
While 78% of brokers see cyber as an area of growth for their business, almost two fifths admit to having never sold a cyber policy
