Cyber & Technology
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Data initiative on track to attract much-needed capital to cyber market and boost risk management
CyberAcuView is on track to launch a platform to collect cyber insurance data in the first half of this year,…
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WEF to hold first in-person meeting since pandemic began
In a sign that the worst of pandemic may be over for many, the World Economic Forum (WEF) will hold…
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Mixed bag for January reinsurance renewals, says Fitch
Reinsurance pricing for loss-free market areas, such as casualty lines of business, remained the same or fell at the January…
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Merck ruling demands sharper focus on cyber risk management as cover tightens
The recent ruling by the New Jersey Superior court that insurers need to pay pharma giant Merck $1.4bn for losses…
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WEF says strategic risk management only answer to modern cyber risk
Cybersecurity is no longer enough to protect companies from cyber threats that now demand strategic risk management, according to the…
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Ferma urges French EU Council presidency to help deliver progress on SII review, insurability and cyber risks
Ferma has called on the French presidency of the Council of the EU to deliver a final text on Solvency…
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US cyber insurer Resilience appointed as coverholder at Lloyd’s
US cyber insurer Resilience has revealed it has earned delegated authority as a coverholder at Lloyd’s. According to Resilience, as…
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Red Cross shuts systems after cyberattack on 500,000 humanitarian data records
A cyberattack on a Swiss company that stores data for the International Committee of the Red Cross (ICRC) has forced…
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Expect further tightening in cyber cover after $1.4bn Merck award
The recent ruling by the New Jersey Superior Court that Chubb and other insurers need to pay pharmaceutical giant Merck…
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Geneva Association says cyber risks need government backstop or PPP
A government backstop or public-private partnership (PPP) is needed to transfer certain catastrophic cyber risks because the private insurance market…
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IUA business plan targets correlate with risk managers’ concerns
The International Underwriting Association (IUA) is set to focus on the problems that keep risk managers awake at night. The…
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Cyber biggest risk in Allianz Barometer as pandemic fears recede
Cyber is the biggest business risk this year, knocking business interruption (BI) off the top spot into second place, with…
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Pool Re backs new systemic risk research to develop transfer solutions
A new research programme, led by the funded by UK terrorism mutual Pool Re and a consortium of international companies,…
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DAC Beachcroft highlights ESG, class actions and social inflation as big issues for 2022
Environmental, social and governance (ESG), class actions and social inflation all feature prominently in the latest insurance predictions from DAC…
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EU and US risk managers must brace for escalating Russian cyber threat
EU governments have this week commenced a major cyberattack simulation that could affect multiple member states, according to reporting service…
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Austrian regulator says use of Google Analytics violates GDPR
The Austrian Data Protection Authority (Datenschutzbehörde or DSB) has decided in a model case brought by activist legal group noyb (My…
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Insurer challenges in 2022 include civil unrest and class actions, says RPC
The latest Annual Insurance Review from law firm RPC highlights a number of issues set to impact insurers in 2022,…
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Cyber risk insurtech KYND gets £3.25m investment from BGF
Cyber risk management solutions provider KYND has announced a £3.25m investment from growth capital investor BGF. Insurtech KYND said it…
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Belgian risk managers focus on need for rapid response to data breaches
Belgian risk management association Belrim will focus on the need for rapid and correct action when faced with a data…
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US cyber insurance buyers struggling with hard market, says Gallagher
The cyber insurance market is struggling with continued hardening market conditions, according to Gallagher, and there are no signs of…