The SECP, Pakistans Securities and Exchange Commission passes a directive that insurance companies mist have cyber insurance. As insurers are significant contributors to the FS sector. View Original Post
I’m not convinced that cyber insurance is an investment where I would put my money just yet. There are to many unknowns and lttle knowns. A high risk investment….. View Original Post
The tone from US senators is one of making CEOs accountable for data lossess. View Original Post
An excellent article, if you read nothing else today read this. The insurance industry is coming to terms with the wider impact of a cyber attack on insurance policies and subsequent lossess, which are occurring under non-cyber policies. The impact…
The insurance industry is starting to understand that Cyber attacks will impact other lines of insurance. Through the indirect relationship between a hack, it’s outcome and the insurance policy coverage. View Original Post
How much liability can the re-insurance industry absorb, if the expected cost of cyber crime in 2018 is expected to reach $600Bn. That’s over 4 times greater than the 10 year average, of global economic lossess for natural disasters. Someone…
Addressing cyber risks at their source, improving data quality and underestimating the impact of the exposure of major incidents. Creates new and unique challenges for the insurance industry. View Original Post
Cyber risk is top of the concerns of the European Insurance Market. How to understand it and how to underwrite it. View Original Post
The BoEs Financial Policy Committee plans cyber stress testing of UK payments infrastructure. As it’s critical infrastructure, they want to ensure that banks can continue to operate in the event of a cyber attack. View Original Post
The IMF reports that the estimated cost to the global FS sector for hacking could reach as much as 9% of revenues. That cyber lossess will be orders of magnitude greater than the current cyber insurance market. With the need…
