Insurers must do more to help clients understand their exposures if the market is to benefit from the more punitive approach to data privacy violations
The market has no plans to introduce cyber exclusion clauses, but there could be problems for those clubs which reinsure their primary risk retention in the commercial market
The insurance market needs to revise the nature of its coverage to shipowners and operators, so that it addresses all marine risks, including pricing for cyber attacks as a contributory peril
Ransomware is fast becoming a systemic and high-severity risk across a range of exposures
With companies keen to safeguard their reputation, cyber-attacks in the renewable energy sector are drastically under-reported
Business interruption coverage litigation because of lockdowns has shown need for clarity in policy wordings
Diversifying a portfolio by taking on a range of industries or sizes of risks to mitigate peak exposures has not proved effective in reducing the threat of ransomware
Cyber risk models must be sufficiently flexible to accommodate new scenarios based on risk trends and changing insurance policy terms and conditions
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