Cyber & Technology
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June 10, 2022
US commercial insurance price increases down a touch at 6% in Q1
US commercial insurance prices increased by 6% overall in the first quarter, about one point lower than the aggregate increase…
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June 8, 2022
Pool Re explores widening remit to range of systemic BI risks
UK terrorism reinsurer Pool Re is going to explore potential public-private solutions for systemic business interruption (BI) risks that could…
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June 8, 2022
UK data protection overhaul runs risk of more red tape
Proposed reform of the UK’s data protection laws could create more, not less, red tape for UK companies and complicate…
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June 8, 2022
Cyber remains number one risk for Airmic members
Supply chain and geopolitical risk have unsurprisingly shot up the risk management agenda in 2022, but cyber remains the number…
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June 8, 2022
Marsh expects ‘some flattening’ in UK cyber market this quarter but limited capacity
Some flattening of pricing in the UK cyber insurance market is expected in the third quarter but underwriters are expected…
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June 8, 2022
AXIS Capital to focus on specialty as it exits property reinsurance
AXIS Capital is to focus on specialty underwriting with a series of moves including exiting property reinsurance, shifting AXIS Re…
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June 7, 2022
Spots of softening in UK market set to tilt further in buyers’ favour, says Marsh
The UK commercial insurance market is getting easier for buyers with some price reductions now available and insurers struggling to…
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June 7, 2022
Law firms and supply chains carry increased risk of cyberattack, says SecurityHQ
Law firms carry an “elevated risk” of cyber threats, according to managed service security provider SecurityHQ, after a recent industry…
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June 7, 2022
Decelerating rate increases in US P&C market but concerns over inflation and storm losses
The US property and casualty (P&C) market is moving towards rate adequacy, and rate increases have decelerated slightly, although cyber…
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June 6, 2022
Ferma calls for EU cyber pool to help combat market inefficiency
Ferma has called on the EC to explore creating a European cyber pool and voiced concerns over the level of…
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June 6, 2022
Cyber rates could stabilise in 2022 as ransomware falls, says Howden
Cyber insurance rates, which averaged increases of more than 120% in the first quarter of 2022, could stabilise for buyers…
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June 6, 2022
Work together to close protection gaps, Insurance Europe tells policymakers and insurers
Insurance Europe has called for coordinated action from policymakers, insurers and the public to tackle the significant protection gaps that…
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June 6, 2022
Hefty US cyber rate rises in H1 but D&O market gets capital boost: USI
Rates for US cyber insurance continued to see big increases in the first half of this year while the D&O…
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May 31, 2022
Ferma survey finds cyber and supply chain top risk agenda
Cyber risk and the threat of supply chain failure have shot up the European risk management agenda during the last…
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May 27, 2022
UK launches second probe into Google’s ad dominance
The UK has launched a second investigation into Google’s dominant web advertising position over concerns the company favours its services…
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May 26, 2022
Companies warned of ransomware spike as cooperation with Russia crumbles and REvil reforms
A breakdown of international cooperation on cyberattacks following Russia’s invasion of Ukraine is likely to soon drive a rise in…
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May 26, 2022
Cyber risk leaders remain unconvinced by mitigation efforts, finds Marsh/Microsoft survey
Confidence in cyber risk management has not increased during the last three years despite rising mitigation efforts, a new survey…
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May 26, 2022
Carinthia enters ’emergency mode’ after hacker attack
The Austrian state of Carinthia is currently in “emergency mode” after suffering a serious hacker attack by the Black Cat…
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May 26, 2022
Twitter to pay $150m penalty in US for sharing users’ data with advertisers
Twitter will pay $150m to settle alleged data protection violations in the US that saw users’ telephone numbers and emails…
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May 26, 2022
US brokers report further US rate rises but signs of easing
US rates continued to increase in the first quarter of 2022, with some signs of a slight easing, according to…