Interesting video from the Lloyds Chief of Markets on the coverage gap (4 mins 20 seconds) that amongst other insurance classes covers cyber. One strongly believes that closing the protection gaps for both the insured and insurer is critical to…
The insurance market is slowly waking to the effects of cyber regulation on D&O and cyber products. The SEC final is the first cyber regulation with global and industry agnostic effect. One suspects as insurers come to terms with cyber…
A report by reinsurance broker Lockton Re discussing the benefits of breaking cyber peril into parts to support the re-insurance marketplace. Splitting first party and third party peril in support of the reinsurance industry handle peril. with reports discussing the…
Time is short for public firms to address compliance to the SEC final cyber rule. Many registrants do not have the skilled resources necessary to build the programs needed for compliance. The pressures placed on boards by the rule are…
What does the future look like for cyber insurance? We’ve written many column inches discussing this topic. Premium increases and cover restrictions have hidden the message associated with profits. There’s no answer yet to the 99% problem. The capital question…
Cyber insurance underwriting has always been an art and one expects it will remain so for some time to come. As cyber insurers get to grips with the fact that Right of Bang data does not correlate with an organizations…
This is a great paper, it captures the essence and impact on Directors and Officers Liability and insurance. ‘What is Next for the Risk of Cybersecurity-Related Litigation?’ The SEC final cyber rule effects corporate risk transfer, playing with the traditional…
A nice article that explains the potential effects of the SEC final cyber rule on D&O and Cyber insurance, registrants regulatory compliance and risk transfer. Complexities and issue will start to unfold over the coming months as registrants, the insurance…
The SEC cyber ruling opens the door to public companies and their Directors and Officers to potential regulatory probes and shareholder actions. As Directors, Officers and executives responsible for cybersecurity risk management are required disclose material cyber risk and material…
Another state of cyber insurance update. One has to consider how many companies have cyber insurance, that is a difficult number to quantify. We do no that 99% of all organisations are SMEs. That generally can’t afford cyber insurance, or…
