The effect on Latitude in H1 2023 on credit losses and Net Profit (NPAT) between $5m to $10m. A further $46m for remediation costs, that does not include regulatory fines, class actions law suites, system enhancements or insurance costs. Releasing…
This is a very balanced view on the cyber reinsurance market by Moody’s. As the market look for addition capital to cover systemic risk impact. With the Alternative capital market growing significantly with Beasley’s $45 million cyber cat bond and…
One is not sure that the energy market is going to be able to avoid cybersecurity for much longer. EU NIS, the SEC proposal and Australians CNI cyber regulations lay the ground for cybersecuirty risk management compliance. With ONCD making…
This is a great read. A research paper that discusses the role of cyber insurers and attorneys in the incident response process. Written by 4 respected cyber academics, Daniel Woods, Josephine Wolff, Daniel Schwarcz and Rainer Bohme. Now accepting that…
Does cyber regulation go some way to providing the cyber re-insurance industry with answers to its capital problem? Regulation could address the 6 points on the page Gallagher Re paper ‘The vital role of capital in cyber (re) insurance’. Providing…
A very interesting and useful perspective of the cyber insurance market from Guy Carpenter. Examining the opportunities and threats for the cyber insurance industry, as a global product line. The modelling used in the report relies upon loss data and…
Thanks for posting Ted Dziekanowski. Cyber insurance is an important market without doubt. But one suspects that as cyber attack frequency, complexity and severity continue to grow, and cyber regulation takes effect, the role of cyber insurance as a sole…
The cyber insurance market has the potential for growth, but is it growth the insurance industry is yet set to manage? If the figures in the enclosed report are near true, then GWP will increase from USD 5.8 billion is…
A sign of the times, as more organizations seem to be challenging the decisions of insurance firms in court. The Mactavish report is worth downloading when you put your cyber insurance hat on. With the report concluding that there is…
The enclosed report from the Atlantic council is a good read. An acknowledgement of the challenges that securing Critical National Infrastructure from cyber attacks, the need for a risk-based approach for cybersecurity risk management and outlining a potential methodology. Securing…
