Cyber & Technology
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AGCS calls for partnership to tackle D&O and cyber challenges in Germany
German insurance managers should not expect a significant improvement in the directors and officers (D&O) insurance market this year, as…
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Ferma urges companies to build resilience for today’s risks and future disasters
Companies must build resilience to be ready for the next unexpected global risk event, as well as more obvious threats…
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CFC enhances global cyber response with acquisition of Insane Technologies
Specialist insurer CFC has boosted its in-house cyber incident response team with the acquisition of Insane Technologies, an Australian cybersecurity…
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Time to really focus on claims
The very reason why insurance is purchased by individuals and businesses is to ensure that they are ‘covered’, at least financially, when…
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Claims as a USP for insurers
Adrian Ladbury interviews Renske Franken-le Clercq, head of claims – central region, Liberty Specialty Markets, about the insurer’s claims strategy…
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Hard market leading to spike in demand for claims help from corporates
France-based international loss-surveying group Erget has reported a rising level of demand for help with claims from corporate risk managers and…
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Retentions and rates hiked in ‘violent’ European cyber market
European cyber insurance buyers face big hikes in rates and retentions, as well as lower primary limits and wider coverage…
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German court refers GDPR material damage claim to ECJ
Germany’s Federal Constitutional Court (FCC) has passed a potentially groundbreaking decision, on whether an individual needs to prove material damage…
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Half of UK corporates set to increase risk management focus on back of Covid-19
Almost half of UK corporates surveyed by Aviva expect to increase their focus on risk management this year, with roughly…
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Munich Re, AGCS and Google partner for cloud risk cyber cover
Munich Re has partnered with Google Cloud and Allianz Global Corporate & Specialty (AGCS) to launch a new cyber risk…
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ABI urges UK businesses to buy cyber cover as risk perception soars
Huw Evans, director general of the Association of British Insurers (ABI), has urged UK businesses to ensure they are adequately…
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France links Centreon cyberattack to Russian hacking group
The French national cybersecurity agency says a three-year long cyberattack on Centreon software systems used by several large companies in…
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Facebook facing second collective consumer action for failing to protect data
Facebook is being sued under a consumer representative action for the “loss of control” of about one million users’ personal…
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AMRAE members face up to rising cyber risk as capacity dwindles
The latest round of renewals was worrying for cyber insurance buyers as they faced difficulties renewing their coverages at a…
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Italian risk managers focus on teamwork to cope with cyber risk explosion
Keeping up with the evolution of cyber risks was already complex before the arrival of the pandemic. The forced rise…
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European data regulators considering €50m fine against WhatsApp
Facebook’s messaging service WhatsApp is reported to be facing a fine of up to €50m for data protection breaches under…
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Pandemic fuelling cyber risk and losses, finds Mactavish survey
New research from Mactavish reveals that 41% of UK companies polled believe cyber risk has increased since the pandemic, with…
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New global chief underwriting officer, cyber at AXA XL
Michael Colao has joined AXA XL as global chief underwriting officer, cyber and will manage aggregate cyber exposure across AXA…
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AGCS boosts UK financial lines team with new appointments
Allianz Global Corporate & Specialty (AGCS) has appointed Hannah Tindal as head of directors and officers (D&O) within its UK…
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Insurers should be banned from making ransomware payments, says ex-head of UK cybersecurity
Insurers should be banned from paying clients’ ransom payments to cybercriminals, according to the former head of the UK’s National…