Cyber & Technology
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Insurers not doing enough with technology and innovation, say risk managers
Asia’s Risk managers have such low expectations of insurers’ and their ability to innovate that two thirds of them believe…
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GDPR to bring ‘wave’ of litigation, finds DAC Beachcroft research
Companies that store personal data face a “wave” of litigation for data breaches under the General Data Protection Regulation (GDPR),…
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Beazley unveils new financial lines products for Asia
Specialist insurer Beazley has launched two financial lines products for the Asia market. The first of these products is aimed…
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Willis Towers Watson calls end of soft market in US
Rate increases are on the cards for US commercial insurance buyers in 2018, as a direct result of the recent…
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EU countries to declare cyberattacks as act of war: report
European Union (EU) countries are just weeks away from invoking an agreement to declare cyberattacks from other nations as an…
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Ascent takes investment from Preservation Capital to further build cyber book
Preservation Capital Partners, the London-based mid-market private equity investment firm, has agreed to take a “significant” stake in Ascent Underwriting,…
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Board and c-suite concern over cyber risk falls: survey
An annual survey from Advisen suggests that fewer board members and executives are worried about cyber risk, as concern fell…
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IoT will reduce frequency risk but creates catastrophic exposures: AIG
The Internet of things (IoT) will help companies reduce their exposure to frequency losses but shifts the liability risk landscape…
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Charles Taylor Adjusting appoints new director in France
Loss adjuster Charles Taylor Adjusting has appointed Glyn Symonds as director of operations in France. Based at the company’s new…
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Beazley warns of growing social engineering data breach threat
Beazley has warned of a growing trend in data breaches as a result of social engineering attacks, where fraudsters convince…
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Beazley launches Spanish operation
London-based international specialty insurer Beazley formally launches its Spanish operation at a reception in Madrid this evening, where brokers and…
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Confidence down at UK multinationals as risk ‘blindspots’ surface
As UK multinationals report a marked drop in confidence levels in response to political and economic upheaval driven, in part,…
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Markel extends fintech insurance policy to Asian market
Specialty insurer Markel has launched its fintech insurance policy in Asia, following its launch earlier this year in the UK.…
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Risk managers welcome EC moves to boost cybersecurity and data flow
Ferma and leading member associations have welcomed wide-ranging measures proposed by the European Commission (EC) to beef up cybersecurity in…
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Marsh recruits UK government cyber expert
Marsh has named UK government cyber specialist Dr Jamie Saunders as strategic adviser on cyber risk management. Working within the…
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Insurance Europe calls for access to GDPR data to improve cyber offering
The insurance industry needs more information on cyber risk to better deliver for clients, according to Insurance Europe. It suggests…
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Majority of firms unaware of GDPR’s full force with no compliance plan in place
Less than half of firms (45%) have a compliance plan in place to meet the EU’s forthcoming General Data Protection…
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Marsh launches Resilience for UK mid-sized buyers
Marsh has launched a new insurance and risk management solution designed to simplify commercial insurance for mid-sized firms in the…
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GDPR spurs board interest in cyber risk and transfer
The pending arrival of the European Union’s General Data Protection Regulation (GDPR) in May next year has moved cyber risk…
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UK terror threat sees ‘dramatic upshift’ says MI5 chief
The threat of terrorism is rising in the UK at the “highest tempo” for several decades, with anti-terror agencies facing…