Cyber & Technology
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Retailers face trickier cyber market as cybersecurity lags
Retailers are likely to face price increases and greater underwriting scrutiny when buying cyber insurance following a spate of ransomware…
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GDV launches German cyber risk programme
The German insurance association (GDV) has teamed up with the German Insurance Academy (DVA) to train risk managers in cyber…
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US commercial P&C market softening continues, says CIAB
Most lines of business in the US commercial P&C market are softening, according to The Council of Insurance Agents &…
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M&S has £100m of cyber cover for ongoing disruption: reports
UK retailer Marks & Spencer is expected to reveal more details about the cyberattack that has brought online orders to…
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Cyber MGA Resilience expands into Germany and Austria
Expanding US-based cyber risk MGA Resilience has expanded its European insurance operations to Germany and Austria. The company has hired…
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Resilience launches cyber risk calculator
Resilience has launched a cyber risk calculator to translate buyers’ cyber risk into a financial loss. Using AI and industry…
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UK government urged to move faster on cyber risk to protect business
The UK government is struggling to keep up with fast-changing cyber risk and deliver a fit-for-purpose regulatory response to protect…
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Willis appoints head of cyber for EMEA
Brian Vosloh has been appointed head of cyber for the EMEA region at Willis. He will help drive Willis FINEX…
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Pen launches cyber risk management tool for insureds and brokers
London market MGA Pen Underwriting has launched a new risk management platform to help customers and brokers around the world…
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Cyber price reductions slow in North America as risks evolve
Cyber rate decreases have moderated in North America despite rising claims, said cyber insurance experts at last week’s annual Rims…
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Markel offers cyber war cover wrap for large corporates
Markel has launched a specialist cyber product providing cover of up to $5m for indirect losses arising from war to…
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Cyber pricing back to pre-hard market levels
Pricing in the cyber insurance market is back to pre-hard market levels, which prompted what many thought at the time…
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Risk industry embracing AI and big data but challenges remain
The risk and insurance industry is finally increasing its investment in big data and artificial intelligence (AI) in a bid…
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Risk managers reminded of data centre environmental risk
Companies and their risk managers must consider the environmental impact caused by their use of AI, especially the data centres…
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EC prolongs cyber sanctions
The European Council has decided to prolong the restrictive measures, or sanctions, against cyberattacks threatening the EU and its member…
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UK rate decreases drive softer European market in Q1: Aon
Commercial insurance prices in Europe, the Middle East and Africa (EMEA) region have finally fallen in line with the recent…
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Time for risk managers to transform their role with AI, says Baron
The time has come for risk managers to bravely use AI to improve the tools at their disposal and profoundly…
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Favourable pricing conditions in Americas expected to continue, says Aon
Pricing in North America is flat but there is softening in many parts of the market including Canada, US property,…
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UK and Irish firms ‘underestimate’ cyber risk, says Pen
Businesses in the UK and Ireland are five times more likely to be the target of a cyberattack than experience…
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UK ransomware attacks will impact cyber pricing, says broker
A string of ransomware attacks against UK retailers could slow or even reverse softening in the cyber insurance market, a…