Cyber & Technology
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Geneva Association says cyber risks need government backstop or PPP
A government backstop or public-private partnership (PPP) is needed to transfer certain catastrophic cyber risks because the private insurance market…
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IUA business plan targets correlate with risk managers’ concerns
The International Underwriting Association (IUA) is set to focus on the problems that keep risk managers awake at night. The…
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Cyber biggest risk in Allianz Barometer as pandemic fears recede
Cyber is the biggest business risk this year, knocking business interruption (BI) off the top spot into second place, with…
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Pool Re backs new systemic risk research to develop transfer solutions
A new research programme, led by the funded by UK terrorism mutual Pool Re and a consortium of international companies,…
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DAC Beachcroft highlights ESG, class actions and social inflation as big issues for 2022
Environmental, social and governance (ESG), class actions and social inflation all feature prominently in the latest insurance predictions from DAC…
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EU and US risk managers must brace for escalating Russian cyber threat
EU governments have this week commenced a major cyberattack simulation that could affect multiple member states, according to reporting service…
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Austrian regulator says use of Google Analytics violates GDPR
The Austrian Data Protection Authority (Datenschutzbehörde or DSB) has decided in a model case brought by activist legal group noyb (My…
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Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
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Cyber risk insurtech KYND gets £3.25m investment from BGF
Cyber risk management solutions provider KYND has announced a £3.25m investment from growth capital investor BGF. Insurtech KYND said it…
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Belgian risk managers focus on need for rapid response to data breaches
Belgian risk management association Belrim will focus on the need for rapid and correct action when faced with a data…
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US cyber insurance buyers struggling with hard market, says Gallagher
The cyber insurance market is struggling with continued hardening market conditions, according to Gallagher, and there are no signs of…
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WEF warns of cyber risk ‘blindspot’
Companies may be overlooking cyber risks as the pandemic and climate change dominate the risk agenda, according to the World…
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First quarter to see pockets of hard market continue in the US, says Amwins
US insureds will see pockets of the current hard market continue throughout the first quarter of 2022, as the market…
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France fines Google and Facebook €210m for violating privacy rules
French data regulator CNIL has fined Google €150m and Facebook €60m for breaching EU privacy rules. The fines are for…
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Portuguese media giant Impresa confirms cyberattack but says no ransom involved
Portuguese media giant Grupo Impresa has confirmed it was hit by a cyberattack over the new year holiday but said…
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AMRAE confident of progress on captives as it confirms conference to go ahead next month
AMRAE has confirmed that its annual meeting of French risk managers will go ahead in-person next month, and urged cyber…
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Risk landscape reset amid complex and changing renewals, says Howden
An already complex underwriting environment has been complicated further by the mix of heightened secondary catastrophe perils, rising core inflation,…
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US insurtech Corvus acquires cyber underwriting platform from Beat Capital
Beat Capital Partners has sold cyber underwriting platform Tarian Underwriting to Corvus Insurance. Beat Capital said that with this deal,…
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Berenberg expects market hardening to slow this year
Analyst Berenberg said the reinsurance market will continue to harden this year after rate increases at 1 January, but expects…
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Global reinsurance cat rates up 10.8% at January renewals: Guy Carp
Global property catastrophe reinsurance rates increased 10.8% at 1 January 2022 renewals, according to Guy Carpenter. It added that reinsurance…
