The mud gets a little clearer for War related cyber exclusions with Lloyds of London, or maybe not. Exclusions require a suitable clause excluding liability for losses arising from any state backed cyber-attackâ€Â. The problem for the insured today, as…
Will this end well? @Thaddeus Dziekanowski View Original Post
Cyber insurance requires a new approach, without a doubt. But is a backstop one answer. One only has to look at the recent attack on United health and its effects across the U.S healthcare industry and the ratcheting up of…
The cyber insurance and reinsurance market is complex. A vast majority of companies that are affected by cyber threats are still working out how best to manage cyber risk. While the percentage of companies that use cyber insurance is difficult…
Cyber insurance has been relied upon as a significant and predominant risk transfer tool for companies for years. However, insurers have implemented exclusion clauses and caps to manage their exposure. At the same time cyber attacks have increased in frequency,…
A great discussion of the SEC final cyber rule, materiality and D&O insurance. The question of materiality and the SEC Final rule is a complex one. It applies to the Left and Right of Bang evaluation of Risk. Left through…
In ones view the cyber and D&O insurance industry faces a problem. Namely where is it going to get the cash to handle claims and regulatory capital, if it expects to grow GRW premiums to the much reported figures? As…
Cyber risk still remains a top concern for CROs of insurance carriers, with insurance and technology risk sitting in the top 5 risk concerns. Human capital risk is also ranked high over a one-year outlook as attracting and retaining talent…
Roku, Inc. the U.S. public company that runs TV streaming services reported on Friday that 560,000 accounts have been breached, the second breach this year. Are we seeing markets move and react to cyber incidents, as Roku’s share price fell…
The insurance industry needs to get better at risk modelling. Cyber regulation shifts risk ‘Left of Bang’, setting requirements for boards to oversight, assure and attest cyber risk. Cyber regulation sets standards for the insurance industry to evaluate and model…
