Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

Netherlands, Germany and UK record most GDPR breach notices

More than 59,000 personal data breaches have been reported across Europe since the introduction of the General Data Protection Regulation (GDPR), with the Netherlands, Germany and UK most affected, according to new analysis from DLA Piper. Despite this, only 91 GDPR fines have been imposed, but the law firm expects higher numbers in 2019. DLA Piper said the number and…

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Consumers see viruses and insurers as weak points in fight against cyber risk

Insurers are less trusted by consumers than banks and credit card companies to protect against cyber risk, according to a new survey from Europ Assistance conducted by LEXIS. In Europe, 62% of respondents trusted insurers in the fight against cybercrime, behind credit card providers at 65% and banks at 71%. Across all European countries surveyed – Italy, France, Spain, Switzerland,…

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL to shed 711 jobs as it reveals new structure and operating model

AXA XL, the property and casualty and specialty risk division of AXA, has announced what it describes as “an important step” in its integration of AXA Corporate Solutions, AXA Matrix, AXA Art and XL Catlin, in a move that will see 711 people lose their jobs in Europe. This represents about 7.5% of the total global workforce of 9,500…

Risk managers must retain traditional skills and focus as they rise to emerging risks: Bouquot

Risk managers must retain traditional skills and focus as they rise to emerging risks: Bouquot

Risk managers must retain traditional skills and focus as they rise to emerging risks: Bouquot

While AMRAE is working hard to help the French and European corporate risk management community ensure it is ready and able to rise to the cyber challenge, the association’s president Brigitte Bouquot told Commercial Risk Europe that members must not lose sight of the huge value they bring through identification, management and transfer of more traditional, tangible and physical risks.…

French buyers facing problems with fraud cover as deductibles mount

French buyers facing problems with fraud cover as deductibles mount

French buyers facing problems with fraud cover as deductibles mount

Buying fraud insurance has become a challenge for French companies, with significant deductibles often demanded from carriers. In some cases, ‘high profile’ firms that operate in sectors actively targeted by fraudsters, and with a big international presence, have been asked to retain as much as €1m of risks in fraud insurance policies, sources told Commercial Risk Europe. Some brokers have…

Risk managers advised to check policies as not all UK insurers have created EU ops

Risk managers advised to check policies as not all UK insurers have created EU ops

Risk managers advised to check policies as not all UK insurers have created EU ops

French and other EU-based risk managers need not panic about the continuity of their coverage with UK and London market insurers, and ability to receive claims, post-Brexit, according to a panel of experts at the AMRAE conference in Deauville. But they are advised to check polices because not all UK insurers have created EU subsidiaries…

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