Cyber & Technology
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April 26, 2024
Ferma members told AI will bring risk and reward for corporate insurance buyers
The growing use of artificial intelligence (AI) by insurers promises big benefits for corporate insurance buyers, but also comes with…
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April 25, 2024
European rates up overall but financial and cyber lines falling: Marsh
European insurance rates rose by a further 3% in the first quarter of 2024 across the board, but the softening…
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April 25, 2024
Cyber cat consortium launched to help transfer systemic risk
Ariel Re and Hiscox Re & ILS have launched an “industry first” cyber catastrophe consortium to ultimately boost coverage in…
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April 24, 2024
Rates fall in most regions during Q1 but rise in Europe and US: Marsh
Average commercial insurance rates fell in the UK, Asia, Canada and the Pacific during the first quarter of this year…
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April 24, 2024
Major cyberattack would hike rates but insurers would ‘brush off’ losses: Lockton Re
A major cyber catastrophe event will inevitably see the return of rate increases for buyers although the insurance industry as…
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April 23, 2024
Parima heads to Manila for first of three conferences this year
The Pan-Asia Risk and Insurance Management Association (Parima) will hold the first of a series of conferences this year in…
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April 23, 2024
Zurich North America names professional liability, cyber leader
Zurich North America has named Kara Higginbotham head of professional liability and cyber for US national accounts. Higginbotham, based in…
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April 23, 2024
IQUW adds cyber cover to US financial institutions policies
Property and specialty insurer and reinsurer IQUW, with a syndicate at Lloyd’s, has launched a combined financial institutions and cyber…
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April 19, 2024
Marsh tracks slowdown in global Q1 rate hikes
Marsh’s global insurance rate index increased 1% in the first quarter of this year, compared with 2% in Q4 2023,…
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April 19, 2024
AEGIS London recruits cyber underwriting team from AIG
Lloyd’s syndicate AEGIS London has hired a new cyber underwriting team. Daniel Johnson has been appointed to the role of…
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April 19, 2024
German SMEs record rise in cyberattacks, reveals HDI poll
More than half of German buyers at small and medium-sized companies experienced a cyberattack last year, according to a survey…
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April 16, 2024
Singapore regulator acts to bolster cyber resilience
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to enhance cooperation over cybersecurity,…
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April 16, 2024
Spain’s data privacy agency reports 43% rise in consumer complaints
Spain’s data privacy agency reports that complaints by consumers against companies and public entities reached a new record last year,…
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April 15, 2024
US cyber rate rises fall again but CyberCube warns of public sector attacks in election year
Public sector bodies and government agencies are at an increased risk of cyberattack this year, with electoral infrastructure particular under…
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April 15, 2024
First-ever cat bond issued for sustained cloud outage losses
New York-based MGA and Lloyd’s coverholder Parametrix and Hannover Re have launched and issued Cumulus Re, the first-ever catastrophe bond…
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April 15, 2024
Cybersecurity experts McAfee joins Brokerslink
Cybersecurity firm McAfee has joined Brokerslink to help the network boost its clients’ cyber resilience. Brokerslink said McAfee will enhance…
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April 12, 2024
Marsh calls on insurers to resist urge to automatically exclude tough cyber risks
The insurance market must resist the urge to automatically exclude difficult cyber risks and overly focus on a small set…
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April 10, 2024
Airmic calls for debate on managing AI ethical risks
UK risk management association Airmic has called for more discussion about how best to manage specific ethical risks created by…
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April 9, 2024
CyberCube expands into the Netherlands with Meijers partnership
Cyber risk analyst CyberCube has signed Dutch broker Meijers Assurantiën to use its risk models and provide clients with data-led…
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April 8, 2024
AI elevates cyber threat landscape as nations go to the polls, warns Munich Re
Cyber risk will increasingly be driven by AI that makes it faster and cheaper to distribute attacks at scale, warns…