Cyber – Page 4
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NewsIndependent broker gets new owners
’It will be business as usual for the most part, however, we are always looking for new and exciting products [or] insurers to add to our panel,’ says new owner
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News‘Pricing is under pressure’ for cyber cover as SME demand grows – Swiss Re
Reinsurer’s UK and Ireland chief executive believes a public-private partnership focused on cyber cover would be ‘beneficial’ for insurance industry – especially to mitigate possible risk aggregation
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NewsSMEs spending thousands on outsourced cyber security costs
’The biggest problem that brokers face when it comes to selling cyber insurance is price,’ says head
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NewsUK insurer tops global cyber GWP rankings
’The trend towards fragmentation is likely to continue in 2024 as cyber business expands more rapidly outside of the US,’ says market analysis firm
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News AnalysisThe impact on insurance after faulty update causes global IT outage
’This is the most widespread global IT outage we have seen in 20 years of underwriting cyber risk,’ says department head
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NewsMajor IT outage that grounded planes not linked to cyber attack
’The issue has been identified, isolated and a fix has been deployed,’ says chief executive
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News AnalysisBriefing: Sector must do more to protect SMEs from cyber bullies
Simply waving a digital warning flag is not enough – the insurance industry must take more proactive steps to support SMEs with cyber protection
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News AnalysisBriefing: Insurers still seeking key to unlock cyber opportunities
While the risks continue to rise, the ability of brokers and insurers to grow the market in key areas remains an uphill battle
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NewsRecovery costs of cyber attacks outpacing insurance – Sophos
’While cyber insurance is beneficial for companies, it is just one part of an effective risk mitigation strategy,” says global director
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NewsGlobal cyber insurance market predicted to reach £23bn GWP by 2027 – Morningstar DBRS
Credit ratings agency predicts that ‘technological advancements, changes in the regulatory landscape and the advent of innovative insurance products will shape the trajectory of the cyber insurance market’
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NewsNearly half of cyber professionals do not have the budget for adequate protection – Coalition
’The message coming across loud and clear is that the UK cyber insurance industry has to be better at engaging with clients,’ says UK head of insurance
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NewsRates falling but SMEs still struggling to recognise cyber cover’s value – Marsh
’The market is currently buyer friendly,’ says broker’s head of cyber
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News AnalysisBriefing: Cryptocurrency risk landscape is shifting – will insurers step up?
Insurers have steered clear of insuring crypto as it’s a volatile market – but following a recent deepfake scam, is it time to rethink this emerging risk?
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Sponsored ContentPromoting cyber readiness – Travelers
Sponsored content: Chris McMurray, managing director for cyber at Travelers Europe, shares five steps businesses can take to strengthen cyber readiness
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NewsCyberCube announces rebrand
’We are raising our aspirations even further,’ says chief executive
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NewsCyber attack that impacted London hospitals sparks insurance concern
’This is a stark reminder of the potential for the impact of a cyber attack to spill over to far more serious consequences,’ says partner
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Sponsored ContentCombating social engineering and deepfakes – Gallagher Bassett
Gallagher Bassett’s director of risk consulting, Ashley Easen, highlights the digital fraud threats businesses face and how these can be countered
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IT InterviewTom Downey: Pen Underwriting plans to use M&A to build ‘a much more specialist, niche business’
Chief executive strives for MGA to be ‘magic in the middle’ between capacity partners and brokers as it looks to hit £1bn GWP by year-end
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NewsInsurers can no longer treat Bitcoin as ‘toxic asset’ after Musk deepfake scam
’What this scam has highlighted is just how quickly the risk landscape is shifting as new breeds of fraud come into play,’ says co-founder
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NewsArch Insurance International announces new head of third party claims
’She will lead a high-performing team of claims professionals, which I’m sure will continue to thrive under her leadership,’ says chief claims officer
