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.
Viewpoint: Cyber risk models must evolve with the changing threat
Cyber risk models must be sufficiently flexible to accommodate new scenarios based on risk trends and changing insurance policy terms and conditions
Legal Focus: Turkish law’s lack of definitions is a challenge for cyber insurers
There are a number of legislative challenges facing the cyber insurance market in Turkey
Focus: The market must adopt a risk-based approach to cyber
A market disruption similar to that caused by Hurricane Andrew is inevitable if insurers continue to manage their cyber exposures as they do at present
Speare-Cole: 'Machine learning will transform specialty lines underwriting'
With the recent launch of its US-based subsidiary, QOMPLX is now looking to provide cyber cover to large corporations, the president of the technology company's insurance division, says
Viewpoint: The market must be united in its response to cyber ransoms
The cost of remediating ransom incidents is rapidly rising
Legal Focus: Navigating the cyber risk challenge from Covid-19
Pandemic is a unique opportunity for the market to deliver cover for a post-coronavirus world
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
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