Cyber & Technology
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December 13, 2022
US commercial insurance prices up 5% in third quarter, says WTW
US commercial insurance prices rose in the third quarter of 2022 as nearly all classes recorded significant increases, with the…
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December 12, 2022
Energy crisis, geopolitics and cyber top risk outlook for 2023
The energy crisis, political polarisation and mounting cyber risks top a list of five major threats to businesses in 2023,…
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December 9, 2022
WTW appoints EMEA head of commercial lines transformation, ICT
Derric Howard has been appointed to WTW’s insurance consulting and technology (ICT) business as EMEA head of commercial lines transformation,…
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December 9, 2022
Mosaic unveils new cyber risk assessment platform
A new platform to help underwriters evaluate cyber risk for brokers and insureds has been launched by Mosaic Insurance and…
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December 8, 2022
Insurers criticise inclusion of sector in EU’s AI Act high-risk list
Insurance Europe, the representative body of the European insurance sector, has said it is disappointed by the decision by the…
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December 7, 2022
Inflation will wipe out cybersecurity budget increases: survey
Cyber budgets will effectively be cut for UK organisations after the impact of inflation, warns a new report from cybersecurity…
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December 7, 2022
Risk managers must innovate as models thrown into doubt by current crises
Risk managers must challenge some of the models and assumptions they rely upon to help mitigate the raft of current…
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December 6, 2022
Risk management and insurer groups urge US cyber backstop
A potential federal backstop for commercial cyber insurance markets in the wake of a catastrophic cyber event has drawn support…
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December 5, 2022
Nearly half of UK manufacturers hit by cyberattack
Nearly half of UK manufacturers (42%) have been hit by a cyberattack during the past 12 months, according to research…
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December 5, 2022
US market shows ‘demonstrable improvement’ going into 2023: WTW
A brighter picture for risk and insurance managers in the US has appeared in the second half of 2022, according…
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November 30, 2022
EU to widen cybersecurity rules with NIS2 Directive
The EC has adopted the NIS2 Directive to strengthen cyber resilience across the EU and widen cybersecurity rules across the…
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November 30, 2022
Stable global reinsurance sector amid uncertainty in market conditions, says Best
Despite highly uncertain market conditions, AM Best is maintaining its stable outlook on the global reinsurance segment, with a number…
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November 30, 2022
Mosaic opens Frankfurt office for cyber and transactional liability coverage
Specialty insurer Mosaic Insurance has opened an office in Frankfurt, Germany to meet high demand for cyber and transactional liability…
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November 30, 2022
DeNexus continues European growth with sales appointment
Cyber risk firm DeNexus has appointed Victor Aguilar Gutiérrez as vice-president of sales, as it expands its European offering. DeNexus…
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November 29, 2022
Irish data regulator fines Meta €265m for Facebook GDPR breaches
Meta-owned Facebook has been fined €265m by the Irish Data Protection Commission (DPC) for breaching Europe’s General Data Protection Regulation…
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November 29, 2022
Buyer concern switches from coverage litigation to cyberwar clauses
Buyers are growing more concerned about moves by insurers to exclude cyberwar protection than the recent spate of cyber coverage…
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November 28, 2022
AXA XL appoints head of cyber, UK and Lloyd’s
Vanessa Leemans has been appointed as head of cyber, UK and Lloyd’s at AXA XL. Leemans will be responsible for…
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November 24, 2022
Markel International merges professional and financial risks with cyber division
Markel International is to merge its professional and financial risks (PFR) division with its recently expanded cyber team. The insurer…
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November 23, 2022
Cyber modelling firm DeNexus continues European expansion with UK office
DeNexus, a US-based provider of second-generation cyber risk modelling for industrial organisations, global (re)insurers and insurance-linked securities investors, has opened…
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November 22, 2022
Rims throws support behind federal cyber insurance backstop
The US Risk & Insurance Management Society (Rims) has sent a letter to the Federal Insurance Office supporting legislative efforts…