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.
'UK draft Online Safety Bill will affect insurers'
New rules do not expressly prohibit insurers offering cover for fines issued by Ofcom
'Clarity of cover critical for cyber market to benefit from Covid-19 opportunity'
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
Legal Focus: Solicitors' PI insurers grapple with silent cyber cover
The market faces challenges when it comes to professional indemnity and cyber cover
Cyber insurers cut risk appetite as losses mount
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
Viewpoint: Insurance market must address the cryptocurrency challenge
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
CyberCube's Millaire: Diversity is critical to cyber risk modelling
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
The cyber insurance market must learn from the SolarWinds hack
SolarWinds ‘cyber catastrophe’ demonstrates need for collaboration between insurer and insured so that insurance rates do not skyrocket to an unreasonable level
Focus: Adjusters can help industry to resist ransomware demands
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
Latest Cyber Updates
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