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Cyber

Cyber permeates all classes of business, and 2018 will see a major focus on both the development of standalone cyber products and the effective management of cyber exposures within traditional classes. Alongside this, the introduction of the GDPR regime brings a major compliance challenge for the sector


Focus on Cyber Liability

Focus: Cyber liability must not become the next asbestos

Insurers' inability to understand future cyber liabilities means they face the prospect of a substantial gap between the cover they provide and the reinsurance protection they purchase

Focus Cyber

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Legal Focus: First US state enacts cyber laws for insurers

South Carolina Insurance Data Security Act has three primary aims: it requires 'licensees' to prevent, detect and remediate insurance customer data breaches
US States Legal focus Cyber

Set Alert for Insurance Day Hot Topics :: Cyber Risk

Singapore's proposed cyber risk pool is unique response to an unprecedented threat

The city-state's plans to bring international capital together to tackle cyber risk is a bold move that could have wide-reaching benefits  
Singapore Cyber

Cyber insurance market must be seen to pay claims to grow outside the US

Without increased claims certainty, cyber insurance will struggle to demonstrate its relevance to corporate risk managers
Cyber Risk Management

PCS designates Marriott hotel hack as a global cyber loss event

The group’s $250m to $350m cyber cover is expected to be erased by attack

Losses Cyber

Focus: Renewable energy insurers must take cyber risk more seriously

More investment is needed in risk management, including insurance that covers non-damage events
Focus Cyber

Axis launches cyber and technology unit

New unit, led by Dan Trueman, is part of insurer's strategy to expand its global footprint in these risks 

North America Axis Capital

Legal Focus: UK’s first data breach class action has implications for insurers

Court of Appeal decision raises questions over how market will respond to enhanced exposure to vicarious liabilities
Cyber Legal focus
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