Cyber & Technology
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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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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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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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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…
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Most UK firms pin AI on board agenda but 11% not discussing topic: Airmic
The majority of UK risk managers (78%) said artificial intelligence (AI) is on their board’s agenda, with a further 4%…
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Cyber liability and D&O rise on list of German managers’ concerns
German managers continue to perceive cyber as the most significant liability risk for the next 12 months. The dangers of…
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New insurance facility for custodians of digital assets
A new insurance facility for custodians of digital assets, including financial institutions has been launched by Marsh. The broker said…
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Hannover Re combines cyber and digital in new specialty unit
Hannover Re will combine its global cyber and digital business in a move that it said will further strengthen its…
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Coalition adds AI affirmative endorsement
Cyber managing general agent Coalition has added an artificial intelligence affirmative endorsement to clarify what is covered by its US…
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UK imposes sanctions for China-backed cyberattack on electoral register
The UK government has imposed sanctions on two Chinese nationals and a company after accusing China state-backed actors of orchestrating…
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Marsh launches Bermuda-based cyber-only group captive
Marsh has launched a cyber-only group captive insurance company in Bermuda. Edgware Re is a group captive for organisations seeking…
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Best says cyber market to remain soft but could turn rapidly on major incident
Softer rates for cyber insurance “could turn quickly” on the back of one major incident, according to AM Best senior…
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London market seeing more benign conditions but uncertainty remains
Improved results by many insurers in the London insurance market have supported a transition towards more benign market conditions, characterised…
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White House acts to tackle cyber threat to water system
The US state is stepping up efforts to upgrade the nation’s defences against foreign state-backed cyberattacks on its water and…
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Two-paced Spanish market softening in places with long-term agreements back on the table
The latest renewals showed that insurers have more appetite for Spanish risks, resulting in a significant softening in several market…
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Airmic backs voluntary UK cyber governance code to ‘focus the minds’ of board members
Airmic and its members back a voluntary code for cyber governance in the UK, which is currently under consultation and…
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AI will shift liability rather than create new risks
Artificial intelligence raises challenging questions for liability as the technology continues to outpace regulatory and legal developments, experts have told…
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UK SMEs ‘woefully unprepared’ for cyber threat
New research commissioned by London-based cyber MGA Cowbell has found that UK SMEs are “woefully unprepared” to react to a…
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Italy fines TikTok after French Scar probe into child safety
Italy’s competition regulator has fined social media platform TikTok €10m for failing to monitor content that threatened child safety. The…
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US cyber backstop gathers momentum
Discussions to establish a US cyber insurance backstop, which should spur competition and innovation in the cyber insurance market, are…