All cyber insurance articles – Page 3
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News
New cyber syndicate gets green light from Lloyd’s
Trium Cyber, a risk carrier backed by Jim Stanard’s Pelican Ventures, expects to write $50m of gross premiums in 2023
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Lloyd’s sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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Cyber: Hitting pause
At below $10 billion, why has the cyber re/insurance market failed to live up to its potential?
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Cyber rate rises of 300% ‘not uncommon’ - Miller
Despite ‘no material change in exposure’, insurers are upping premiums by 100% on average and reducing capacity
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Ukraine fall-out and new ransomware tactics elevate cyber risks
The maritime sector and satellite infrastructure are sectors most likely to be targeted by cyber criminals
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Cyber: Banning ransoms is a ‘blunt policy instrument’
A ban could encourage ransomware attackers to engage in new, more malicious forms of extortion, warns Geneva Association
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Insurers must deploy capital ‘confidently’ to tackle cyber crunch
Demand for cyber insurance has increased - but so has the price
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Allianz partners with cyber MGA Coalition
Carrier will provide capacity for its US cyber insurance programs and lead Coalition’s UK cyber program when it launches
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Crypto assets and quantum computing present emerging risks
Are crypto assets implicitly covered by existing property or cyber policies? Asks Swiss Re’s SONAR
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Systemic fears are stifling cyber market growth
Modelling accumulation risk scenarios will unlock cyber re/insurance potential - Swiss Re
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Ukraine tempers ransomware frequency - Howden
Today’s average cost of cyber cover is more than double what it was last year, however
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CyberCube unpicks the motivations of cyber criminals
State-sponsored actors are among the most significant and concerning to the (re)insurance industry
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How insurers can build ‘digital trust’
Poor cyber security, spreading ’fake news’ and failing to protect personal data are classic abuses - Swiss Re Institute
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Net Zero could double size of London market
Supporting insureds on their transition journeys could generate $125 billion by 2030 - LIIBA
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Commercial rates rise for the 18th consecutive quarter
Hard market is beginning to moderate but inflationary pressure could impact pricing going forward - Marsh
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Vantage enters US cyber insurance market
Andrew Lea has joined from CNA Insurance to underwrite cyber liability, tech E&O and professional liability risks
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Fitch lowers reinsurance sector outlook to neutral
Russia-Ukraine war represents a “mid-sized catastrophe event” as hard market begins to ease
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Ukraine crisis adds to inflation risk for insurers
Persistently high inflation will increase P&C insurers’ claims, eroding their earnings - Moody’s
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DWIC 2022: Cyber re/insurers limit exposure to ransomware
Ransomware continues to shape the cyber risk landscape, explained DWIC roundtable panellists
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AIG tightens cyber insurance limits as premiums climb
AIG is tightening the terms of its cyber insurance after its premium prices for this line of business were up by nearly 40% globally in quarter two of 2021.
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