Cyber attacks continue to rise, cyber insurance premiums are falling, and we don’t talk about exclusions and caps. This doesn’t make for a cost effective market, and only goes to extend the coverage gap. @Parava Security Solutions #cyberrisk #cyberinsurance …
Insurers have had years to build in agility. I remember working for big insurers 20 years ago, where the board conversation was about modernisation, underwriting, distribution, claims, and compliance agility, both their own compliance and compliance to meet the needs…
Cyber risk has always been a business-wide threat. There’s a disconnect in the boardroom as it relates to cyber. On one hand, cyber is recognised as a top board risk requiring investment. On the other boards are confident their organisations…
Adam Gladsden, always an interesting read, the latest updates and insights from Munich Re on cyber insurance and the cyber insurance market. Least of all when you consider the size and scale of the cyber threat and global projected costs…
So what do you do when cybersecurity is national security, and you go start a war? A recent report by S&P Global focuses on the insurance industry and discusses the impact of recent conflicts, in light of the recent US-Iranian…
Brace for impact. One wonders about the effect of cyber insurance exclusion clauses in the event of war. The challenge with cyber, in a war situation, is that cyber risk is pushed back into the boardroom if war exclusion clauses…
Yes, cybersecurity requires promotion; yes, cybersecurity requires UK businesses to adopt the right tools to manage cyber risk. But this is like politely asking you to put up a picket fence when your neighbours have erected a 10-meter-high barbed wire…
An important and poignant article from James Thaler. It’s positive to hear that the Cyber conversation is moving to one of being a legal issue, not a business decision. To wake up the cyber risk transfer market. As plaintiffs head…
Gerry Kennedy, the problem with cyber insurance is that you just don’t know where to go to get a consistent message about underwriting, rates, and claims. More worrying is the increase in cyber incidents, which continues year-on-year to increase at…
Zurich and Beasley have agreed on a deal that will see Zurich acquire a significant player in the cyber insurance market. Creating a global speciality insurer with $15bn of gross written premiums. One wonders about the effect on the cyber…
