We hear allot about how the cyber insurance market is going to grow over the coming years. Yet growth requires significant amounts of liquidity to facilitate it. Liquidity that is often left out of the conversation when one hears about…
One has been interested in the cyber insurance market for many years. Cyber insurance is an important risk transfer tool. The cyber insurance market has as yet not found its place as a market or suit of products? But, 1.…
Not so much the wrong idea at the wrong time. More an ill thought through, knee jerk reaction to a problem that is more sound bite, than a solution to fix the problem. A solution that cannot be delivered without…
A settlement has been reached and both side have come to an agreement following the 2017 Merck cyber attack, its only taken 6 years of back and forth. The Act of War clause was disputed and an appellate court ruled…
Thanks for sharing Ted Dziekanowski, maybe we are seeing the green shoots of regulatory, market and shareholder reaction to cyberattacks As the effects of the 2023 cyber attack on Clorox demonstrates the effects of cyber on corporate performance. The attack…
Is there consolidation in the insurance industry as Travelers completes the acquisition of Corvus a cyber insurance managing general underwriter. One finds the cyber insurance industry very interesting, it feels like an industry full of contradictions. It’s a hard market,…
Thanks for posting Ted Dziekanowski. Insurance and the relationships between cyber and D&O insurers, boards and security professionals will develop in 2024 as cyber regulation starts to roll out. Cyber rsk management will become an important capability for insurers and…
Thank you for posting Ted Dziekanowski. Those pesky war exclusions have it again, demonstrating the serious side of these exclusion clauses. The WWII bomb, albeit 79 years old, had a defined purpose when it was dropped all those years ago.…
The definition of a cyber attack depends upon who you speak to, I’m therefore not convinced that 20% of UK businesses have been hit by a cyber attack in 2023. But all the same cyber is a significant risk, and…
It would not look good for Lloyds to leave the cyber insurance market. But with the frequency, complexity and severity of cyber attacks increasing at a significant rate in 2023. One asks how do you sustain a profitable 20% growth…
