Cyber & Technology
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June 5, 2023
Microsoft sets aside $425m ahead of GDPR LinkedIn fine
Microsoft said it will increase reserves to $425m to cover an expected GDPR fine following a probe into its business…
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June 5, 2023
Corvus Insurance names new CRO
Cyber MGA Corvus Insurance has appointed Albert Zhou as chief risk officer. Zhou joins Corvus from an early stage MGA,…
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June 5, 2023
Cyber market softening but war exclusions a concern, says Aon
Aon says that “substantial” new capacity will help soften the global cyber insurance market and expects premium rates to be…
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June 2, 2023
Insufficient capital in cyber insurance market, says Gallagher Re
Despite a recent increase in capacity in the cyber (re)insurance market, capital remains insufficient, according to a white paper from…
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June 1, 2023
Portuguese risk managers question value of cyber cover
The hard cyber insurance market has become such a big issue that companies must ask themselves whether it is really…
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June 1, 2023
Cyber losses from 1-in-200-year event could reach $33.4bn, says Guy Carpenter
A one-in-200-year cyber loss could cost the insurance industry between $15.6bn and $33.4bn but would manageable for the market, according…
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May 31, 2023
Less trust in AI among digitally advanced countries, finds Swiss Re
Consumers in more digitally advanced countries have less trust in AI than those from less technologically advanced nations, finds a…
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May 31, 2023
Head of cyber insurance appointed at Inigo
James Creasy has been appointed as the head of cyber insurance at Inigo Limited. The UK insurer said cyber insurance…
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May 31, 2023
Cyber insurers’ loss ratio improves in 2022: Morningstar
Based on preliminary data, cyber insurers will report a material improvement in loss ratios in 2022, says a report from…
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May 30, 2023
Companies face risk blind spot by overestimating cyber Armageddon, warns MGA
Cyber MGA Intangic says companies are overestimating the threat of “cyber Armageddon” from warfare and should instead focus on smaller,…
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May 25, 2023
Cyber insurer Corvus launches risk prevention solution
Cyber underwriter Corvus Insurance has launched a risk-prevention solution providing personalised cyber threat insights and risk advisory services. Corvus said…
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May 25, 2023
AMRAE study finds French cyber market showing signs of improvement but capacity shortfall persists
The cyber insurance market showed signs of improvement for French buyers last year, but they still had to deal with…
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May 25, 2023
New technology and cyber product head at Hiscox USA
Specialist insurer Hiscox has promoted Christopher Hojnowski to vice president, technology and cyber product head. He will report to Doug…
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May 25, 2023
EU unveils plans to bolster GDPR
The EU is planning to propose new legislation to harmonise cooperation procedures between data protection authorities on cross-border cases and…
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May 24, 2023
Organisations refuse to pay ransoms in fresh wave of attacks: Resilience
The majority of organisations hit by ransomware attacks (80%) recovered data and systems without paying a ransom as attacks “skyrocketed”,…
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May 24, 2023
Zurich names winners of innovation championship
Zurich has announced the winners of its innovation championship, who will now work with the insurer to try to bring…
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May 23, 2023
Liberty Mutual names global cyber executives
Liberty Mutual has named Patrick Thielen, formerly senior vice president of tech E&O and cyber insurance product lead at Chubb,…
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May 22, 2023
Meta gets record €1.2bn GDPR fine as Irish regulator overruled
Meta has been hit with a record €1.2bn fine under the GDPR for breaking rules when transferring Facebook data from…
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May 22, 2023
Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
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May 19, 2023
Canadian P&C market stabilising with focus on risk quality
The Canadian property and casualty insurance market has stabilised, with increased competition and a more diversified appetite, says Aon, but…