It’s going to take time for the Crowdstrike incident to unravel. It was clearly an ICT risk, adding to the complexities insurers and their clients face. We do not live in a world that underwriters understand and can manage. We…
A great Harvard Law School article on the challenges face with a range of new risks, and the effect on Corporate Governance and D&O insurance. Boards are under increasing pressure to demonstrate their oversight of corporate risks such as cyber…
It’s going up, it’s going down and it’s stable? The cyber insurance market is not quite sure where its going. The AM Best industry rating agency has said there are enough positive factors to give the cyber insurance market a…
AONs 2024 mid year review of Global Reinsurance Market Dynamics discusses a stable half year with enough capacity, capital and risk adjusted rate reductions for property coverage. There’s allot to unpick in the report, across all the re-insurers evaluated by…
There is only one direction for cybersecurity risk management. For Cybersecurity risk to be economically managed it has to be treated ‘Left of Bang’. Cyber has to be treated as an investment, not ‘Right of Bang’ with cyber treated an…
I am, to coin an English term Royally confused. We want to see growth in cyber insurance GWP; cyber risk is an emerging risk that requires the insurer to have underwriting flexibility; Insurers are becoming more selective in the clients…
Well worth watching the Sub Committee hearing on Homeland Security discussing the effects of cybersecurity on Critical Infrastructure Resilience. Presentations by members of the insurance industry makes for interesting listening from 23 minutes. Cybersecurity continues to be a significant risk…
It’s a general question, without a good answer. Cyber insurance is in a difficult place for both the insurer and insured, the challenge for both the insurer and insured is the world is changing so quickly and in some many…
Thank you for high lighting this Olaf Classen, and Jens Ferner for posting. This German court conclude insurance is a contract between parties and the information provided by the insured to the insurer, forms the basis for the conclusion of…
Cyber insurance is going to be a $29bn business by 2027 (Munich Re), isn’t it. But today it’s not looking like a maturing market, it looks to be a market that is trying to find its feet. DWP figures for…
