A report by reinsurance broker Lockton Re discussing the benefits of breaking cyber peril into parts to support the re-insurance marketplace. Splitting first party and third party peril in support of the reinsurance industry handle peril. with reports discussing the…
Thank you for posting Judy Selby. Here’s an observation. If we assume 99% of organizations are SMEs, typically the organizations that don’t or cannot afford cyber insurance. Then one could argue that the market for cyber insurance is greater than…
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…
We’ve always known that the automotive industry rightly has a love affair with on-line. We spend a significant part of our lines in cars and to ensure that we remain connected to the outside world, share some of our most…
Thank you Ted Dziekanowski. My understanding is that the total capacity of the re-insurance market is around $700bn (). Cyber-attack frequency, complexity and severity is increasing and the impact of a catastrophic cyber incident and aggregated insurance losses are likely…
