Cyber
Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.
Insurers face evolving cyber crime threat in post-pandemic world
Coronavirus cyber crime fears may be misplaced, but there are plenty of other things to worry about
ID Comment: Paying ransomware should be illegal
It only encourages the growth of the ransomware industry
Viewpoint: Reinsurance market steps up to the ransomware threat
Partnerships between reinsurers, brokers and third party service providers are emerging to provide tangible solutions to insurers’ cyber exposure challenges
Insurers see e-sports opportunities in lockdown
Professional online gaming is a significant growth area for insurers, but proper analysis of the risks is vital
Big Interview: 'Insurers must invest in building their knowledge of cryptoassets'
Companies in the cryptoasset sector are holding back on plans to invest because they cannot obtain the appropriate level of insurance cover, says specialist insurer Evertas
Viewpoint: Building cyber resilience is vital for businesses during lockdown
Companies must address the cyber security issues that result from the workforce operating remotely during the coronavirus pandemic
Insurers look to capitalise on rise in cryptocurrency adoption
Despite the absence of a clear regulatory framework, cryptocurrency risks can be written sustainably – but it is critical the underwriting process is focused on client engagement, insurers say
Viewpoint: The industry must tighten its grip on cyber crime
Insurers, which generally are at the bottom of the table globally for cyber security and adoption of multi-factor authentication, must first address the issue of their own exposure to cyber crime
Latest Cyber Updates
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