New rules do not expressly prohibit insurers offering cover for fines issued by Ofcom
As a result of the pandemic and the proliferation of cyber crime, developing more transparent cyber policies has become an issue of the utmost urgency for insurers and their policyholders
The market faces challenges when it comes to professional indemnity and cyber cover
Two years of escalating losses and evolving threats have left cyber insurers little choice but to dramatically hike rates and re-evaluate their risk appetites – and there is more to come
Insurers face becoming irrelevant to the risk mitigation requirements of corporations as their main lines of business become increasingly exposed to crypto asset risk in the future
To model the complexity of cyber risk requires a deep understanding of both human behaviour and internet technologies, the analytics and modelling firm's chief executive says
SolarWinds ‘cyber catastrophe’ demonstrates need for collaboration between insurer and insured so that insurance rates do not skyrocket to an unreasonable level
Whether or not insurers should support the payment of a ransom demand is debatable, but it is important to acknowledge payment is not always the best or most appropriate response
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