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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.

Cyber

Focus: Market must prioritise cyber security as solution to ransomware crisis

Around 80% of ransomware incidents can be avoided if organisations follow cyber security best practices such as regular patching and multi-factor authentication

Focus Cyber

Focus: Cyber reinsurance renewals must create conditions for sustainable growth

In addition to ensuring profitability over the cycle, the market must prioritise risk data that is more meaningful, and allows for more in-depth and frequent analyses than in the past

Focus Cyber

Insurers win in long-awaited Google data case

Supreme Court ruling prevents flood of UK claims - but it is not the end of the story, lawyers warn

United Kingdom Casualty

The ransomware crisis will not be solved through sanctions, insurers warn

Insurers see enhanced cyber security infrastructure as more effective way to stem rise in ransomware claims

Cyber Specialty

Silent cyber covers ransomware, US court rules

The Supreme Court in Indiana has ruled that policies including silent cyber must also cover ransomware

Legal focus North America

Crypto asset risk capacity set to grow amid investor demand surge

The sharp rise in institutional investors’ interest in cryptocurrencies will force better regulation of the sector and increase insurance capacity for smaller to mid-sized risks, says the chief executive of crypto asset insurer, Relm

Big Interview Cyber

Cyber insurers on alert as US Treasury targets cryptocurrency exchange

Move will have far-reaching implications for insurers, as US targets ransomware payments, lawyers warn

International Cyber

Focus: Reinsurers must not discount the cyber expertise in the all-risks market

It is critical the reinsurance market avails itself of the expertise in related classes in order to tackle the monumental challenge of cyber 

Focus Cyber
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