Cyber & Technology
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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…
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May 18, 2023
Ransomware ‘explodes’ in 2023 but claims continue to fall, says Corvus
Ransomware attacks recorded a “sudden explosion” globally in early 2023, according to cyber insurer Corvus, which tracked a 60% increase…
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May 18, 2023
US P&C rates moderate but commercial property spikes
The US P&C market has once again seen moderation in premium price increases in most lines, although commercial property saw…
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May 17, 2023
Cyber claims fall but vulnerabilities leave door open to attackers: Coalition
Cyber insurance claims recorded a 22% fall in 2022, helped by a 54% drop in ransomware claims, according to Coalition.…
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May 16, 2023
Three-quarters of Ireland’s GDPR decisions overruled for being too lenient
Ireland’s data protection authority has been overruled in 75% of its GDPR investigation decisions by European counterparts seeking tougher enforcement,…