Although indemnifying policyholders following an insured event is the principal premise of insurance, insurers, brokers and MGAs alike are taking greater interest in risk mitigation and prevention strategies to help nip claims in the bud - but how prevalent is this trend and in what lines of business is it ...
The sector should ’never waste a good crisis’, says MGA distribution director
Sponsored content: For Insurance Times’ latest Expert View, Cowbell’s senior vice president for global distribution sat down with Insurance Times deputy editor Yiannis Kotoulas to discuss the cyber market, changing threat actor behaviour and the need for active risk mitigation
The benefits of integrated CPR coverage will protect ‘critical personal data’ against cyber attacks, says deputy chief underwriting officer
Promoting simplicity, collaboration and storytelling is a strong strategy brokers could employ to support cyber cover penetration among UK businesses
‘We empower data centre developers, operators and owners to protect their investments and enhance their resilience against emerging threats,’ says executive
However, the retailer says this is set to be reduced through management of costs, insurance and other trading actions
Sponsored content: For Insurance Times’ latest Expert View, Cowbell’s senior vice president for global distribution sat down with Insurance Times deputy editor Yiannis Kotoulas to discuss the cyber market, changing threat actor behaviour and the need for active risk mitigation.
The cyber attack on the retailer first came to light last month
Aviva says it is the first insurer to integrate this into its exposure management strategy on a recurring basis
‘Four or five years ago you probably only had four or five insurers that would want to compete for a piece of business, but now you’re probably looking at 10 or 12 upwards,’ says head of regional broking
Beazley’s country manager for the UK and Ireland noted that the insurance industry had much more to do to support cyber penetration
Ian Summerfield, head of cyber at Pen Underwriting, explains why cyber must be viewed as the third fundamental area of business risk alongside better known property and liability perils
Claud Bilbao, regional vice-president of underwriting and distribution at Cowbell UK, explains the niche insurance support that can benefit the UK’s tech sector
‘The frequency of cyber attacks and subsequent loss and disruption is significantly higher than the occurrence of other perils that firms look to insure against as standard,’ says head of cyber
Cyber specialist and RPC partner talks cyber insurance, ransomware and how insurers are changing their strategies to get the most from the market
‘Our experienced team of underwriters are looking forward to deepening relationships with brokers and further developing our digital distribution capabilities to better serve the UK market,’ says vice-president
Claud Bilbao, regional vice-president of underwriting and distribution at Cowbell UK, explains how organisations can be proactive to mitigate cyber threats
’You are 167 times more likely to be a victim of a cyber attack than a burglary,’ says Gallagher Re chief executive
’He is a highly experienced underwriter with proven leadership credentials,’ says chief underwriting officer
In 2023 we launched our inaugural Insurtech 50 report, produced exclusively by Insurance Times and based on data provided by business management consultancy Oxbow Partners.
This report collates a portfolio of the 50 most innovative UKGI insurtechs that insurers and brokers should have on their partnership radar, based on specific criteria defined by Insurance Times to reflect the needs and interests of our readership.