Cyber & Technology
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Firms face 2% turnover fines in revamped NIS Directive as EC lays out new digital regs
The EC has proposed a range of new rules to govern the digital economy that would carry huge fines for…
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French data regulator fines Google and Amazon €135m for cookie breaches
Google has been fined €100m by French data regulator CNIL for placing advertising cookies without consent on search engine google.fr,…
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Chubb enhances life sciences package with cyber cover
Chubb has updated its package for SME life science companies in the UK, including new cyber protection. Chubb’s MasterPackage for…
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Global cybercrime losses top $1trn
Global losses from cybercrime now total more than $1trn and are up over 50% in two years, according to new…
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Fitch expects double-digit primary increases in 2021
Fitch has told CRE it expects double-digit commercial insurance price increases next year, with no signs of new capital to…
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Commercial and specialty reinsurance market continues to harden
The cost of commercial and speciality reinsurance is set to rise further at the January 2020 renewals, with a tightening…
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Chubb’s data sees professional services overtake healthcare as top cyber risk in North America
Professional services has overtaken the healthcare sector as the most at risk of cyber insurance claims in North America, according…
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Howden acquires cyber specialist Safeonline
Howden has acquired specialist cyber broker and Lloyd’s coverholder Safeonline. Howden said Safeonline boosts its presence in US wholesale and…
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Aon and HSCM Bermuda roll out new alt capacity for catastrophic cyber risk
Aon has partnered with (re)insurer HSCM Bermuda to roll out a new product backed by capital markets that covers insurers…
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BI drives 60% of cyber losses as average costs spiral, says AGCS
Business interruption (BI) losses accounted for 60% of cyber insurance claims in the past five years, according to new analysis…
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Buberl calls for focus on public-private partnership for systemic risk
AXA CEO Thomas Buberl used the closing CEO debate at the Pan Asia Risk & Insurance Management Association (Parima) Resilience…
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Beazley launches commercial reinsurance solutions in Latin America
Beazley has launched a suite of commercial reinsurance solutions in Chile and Colombia, including healthcare, cyber and D&O cover. Beazley…
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Beazley projects 2020 underwriting loss as claims mount
Lloyd’s insurer Beazley expects to post an underwriting loss for full-year 2020, but market hardening has increased the insurer’s appetite…
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This is the time for action
This issue of Commercial Risk Asia is wholly based on a series of in-depth interviews carried out with leading members…
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Q3 insurance prices up 20% globally, 34% in UK and 15% in Europe: Marsh
Global insurance prices rose 20% in Q3, with increases of 34% in the UK and 15% in continental Europe, according…
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Q3 insurance prices up 20% globally, 34% in UK and 15% in Europe: Marsh
Global insurance prices rose 20% in Q3, with increases of 34% in the UK and 15% in continental Europe, according…
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ICO slashes Marriott GDPR fine to £18.4m
UK regulator the Information Commissioner’s Office (ICO) has slashed its proposed GDPR fine of almost £100m against hotel group Marriott…
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Paragon teams with CyberCube to help clients manage cyber risk
Paragon International Insurance Brokers has teamed up with CyberCube to roll out the firm’s cyber risk platform, Broking Manager, to…
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H&M’s €35m GDPR fine highlights growing enforcement trend
H&M’s recent €35m GDPR fine, based on a new model formula in Germany, reflects a trend for higher penalties and…
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UK exposes planned Russian cyberattacks on 2020 Olympics as US issues indictments
Russia was planning a major cyberattack on the 2020 Tokyo Olympic and Paralympic Games, which did not go ahead this…