Imagine for one moment last weeks Baltimore ship incident was due to a cyber attack. Then the answer to the question in the enclosed article is ‘Yes it is possible’. The cyber attack on UnitedHealth and Change Healthcare, has cost…
Ted Dziekanowski cyber regulation transfers risk Left of Bang, as cyber regulators set the baseline compliance requirements for boards and cyber professionals of U.S Capital Markets; New York Covered Financial Entities (NYDFS); soon to set the baseline for CNI and…
This report should be read. The Lloyds of London report on the effect of cyber got allot of attention. What is important is not the figures, but that Lloyds of London has published a report on the effects of a…
Insurers are caught between the proverbial rock and a hard place. On one hand having to manage the risk of cyber attacks on their own infrastructure, on the other manage the risk of their clients. Picking up regulatory capital to…
Interesting video from the Lloyds Chief of Markets on the coverage gap (4 mins 20 seconds) that amongst other insurance classes covers cyber. One strongly believes that closing the protection gaps for both the insured and insurer is critical to…
As high as 25%, reputation is not likely insurers biggest problem. With EU DORA coming down the road and arriving by the end of 2024. If it is finalized in 2023, U.S listed public insurers will have to comply with…
This is a very interesting report created by Willis Towers Watson and Clyde and Co. Discussing the results of a survey of the top concerns for Directors and Officers, as related to Directors and Officers (D&O) Insurance. It is not…
The price of reinsurance has risen significantly in 2022 and continues in 2023. A year that has seen an increased reinsurance costs, an acceleration in the increase in costs, and a reduction in capital in the market. With some re-insures…
Ted Dziekanowski This article is well worth reading, it supports our arguments that insurers need to rethink their approach to cyber insurance, and the cyber insurance industry faces challenges that one is not convinced it has yet found solutions to.…
They come like London Busses, as Munich re publishes a report on the Disproportionately high†cyber insurance gap. Cyberattacks are on the up as result of digitization, Cyber awareness is improving, and boards don’t believe that their companies are adequately…
