Cyber & Technology
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Cyber insurance could be next big blockbuster, says Allianz
Cyber insurance promises to be the next big blockbuster in the insurance space, according to Hartmut Mai, chief underwriting officer…
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Uptick in cyber cover take-up noted by US brokers
A steady increase in take-up of cyber insurance among clients is occurring, according to insurance brokers in the US. They…
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WannaCry likely to be start of new trend, warns AM Best
The global scale of last week’s WannaCry ransomware attack is likely to be the start of a new trend in…
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EY makes six recommendations to mitigate ransomware risk
EY has made six recommendations to help organisations better protect and defend themselves from ransomware attacks such as the recent…
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Large corporates emerge relatively unscathed from WannaCry
The effects of the WannaCry ransomware attack are likely to be limited in the corporate world with losses and insurance…
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WannaCry attack brings moment of truth for cyber insurance market
The recent WannaCry ransomware attacks that affected businesses, government agencies and individuals in more than 150 countries could be a…
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Ransomware attack to boost demand for cyber cover: Fitch
The ransomware attack that affected computers in more than 150 countries simultaneously at the weekend is likely to increase demand…
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Unprecedented global ransomware attack confirms risk industry’s fears
A major ransomware attack that has affected more than 200,000 computers using Microsoft Windows systems across 150 countries since Friday,…
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Experts expected mega systemic cyber attacks in 2017
In a survey prior to the recent massive ransomware attack, nine out of ten global cyber risk experts said they…
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Time to tackle cyber risk
Cyber risk is, perhaps not surprisingly, the focus of this year’s European Risk Frontiers survey of leading risk managers and,…
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GDPR: Documenting your compliance
Accountability and good governance are central to effective and compliant data processing. With the introduction of the EU’s General Data…
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US commercial property/casualty rates still falling in 2017
Commercial property/casualty rates in the US have continued to decline in the first quarter of 2017, although there are signs…
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New leader for Aon Cyber Solutions appointed
Aon has announced that Jason Hogg has joined the firm as leader of its Aon Cyber Solutions division. He will…
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Pool Re remains hopeful of offering cyberterror cover
UK’s Pool Re remains hopeful that it will be able to extend cover to include cyberterrorism, but delays in obtaining…
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Chubb enhances financial lines covers in the UK and Ireland
Chubb says that it has enhanced two of its key financial lines wordings – Elite D&O and Elite Commercial Crime…
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Insurance market missing opportunity to help with cyber risk assessment and treatment
Insurers and brokers must work harder to explain cyber risk exposures and mitigation steps to risk managers in black and…
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AGCS appoints energy underwriter in London
Allianz Global Corporate & Specialty (AGCS) has appointed Zoe Massie as offshore energy underwriter. Working in the energy team in…
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Annual insured US data breaches could top $5bn: RMS
Insurable losses from cyber data breaches in the US could top $5bn each year, according to a new report from…
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New management liability products from Beazley address EU risk
Beazley has released two sets of products for organisations domiciled outside the US, one designed for the specific cyber needs…
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Standalone cyber market best way to meet demand for cover, argues JLT
JLT believes that a standalone cyber insurance market is the best way to deliver the depth and breadth of cover…