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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

'UK draft Online Safety Bill will affect insurers'

New rules do not expressly prohibit insurers offering cover for fines issued by Ofcom 

Legal focus United Kingdom

'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 Cyber

Legal Focus: Solicitors' PI insurers grapple with silent cyber cover

The market faces challenges when it comes to professional indemnity and cyber cover

United Kingdom Cyber

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

London Cyber

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

International Cyber

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

International Diversity

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

Cyber Specialty

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

Focus Cyber
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