All Cyber risk articles
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News
Geneva Association releases cyber risk transfer progress report
A new paper from the industry body provides analysis about the challenges facing the cyber re/insurance market, through traditional underwriting and alternative risk transfer.
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Pool Re, RUSI report warns of terrorists using AI
Terrorist exploitation of artificial intelligence is at the centre of a study published by Pool Re, the UK’s government-backed public-private reinsurance backstop for terrorism risk.
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Lockton Re cyber cat report focuses on reinsurance consequences
A reinsurance broking report shines a spotlight on the consequences of a potential cyber catastrophe across the re/insurance value chain.
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Sponsored
Video Q&A: CFC helps launch the world’s first Cyber Monitoring Center
Sponsored: Yiannis Kotoulas, acting editor of GR’s sister title Insurance Times, sat down with James Burns, CFC’s head of cyber strategy to talk about the world’s first Cyber Monitoring Centre.
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Law firm Dentons quits China amid counter-espionage law fears
Dentons announced its split from its Chinese entity, Beijing Dacheng, citing concerns about data protection and cybersecurity since China’s new spying law took force in July.
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Parametrix to pay claims after MS Azure Outage
Outage at the world’s second-ranked cloud service provider brought down multiple regions for nearly three hours
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Hannover Re, Stone Ridge in ground-breaking cyber risk transfer
The asset manager intends to “meaningfully grow” its cyber exposure after $100m quota share cession
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Call for feedback on federal cyber insurance backstop proposals
Federal risk pool proposed to insure large-scale catastrophic cyber incidents must be well crafted, says risk association
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Lloyd’s warning over state-sponsored cyber attacks
Cyber attacks targeting critical infrastructure rose from less than 10 in 2013 to almost 400 in 2020
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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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CyberCube launches cyber incident response service
Through partnership with Kroll it will offer guidance on major cyber aggregation events
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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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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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Cyber threats ‘growing faster than ability to prevent and manage them effectively’
The recent ”intensification” of cyber attacks indicates that ”cyber threats are now growing faster than our ability to prevent and manage them effectively”, according to Carolina Klint, risk management leader for continental Europe at broker Marsh.
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Insolvencies, ESG and cyber are key risks for D&Os in 2022
Risk managers and their D&O insurers should also closely monitor potential exposures to US derivative actions, warns AGCS
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CII exposes cyber risk knowledge gap
More than half of insurance professionals have reported that their knowledge of cyber risks is virtually non-existent, despite their employer providing cyber cover, according to research by the Chartered Insurance Institute (CII).
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News
Insurers must ‘increase their knowledge and expertise’ around cyber risks
If global multiline insurers do not stay on top of cyber trends, potential claims may ‘no longer be insurable in an extreme scenario’, says insurance director
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Boards have “fragmented” approach to cyber risk - WEF
Boards have made gains in recent years by recognising cyber as an enterprise risk, but greater resilience is needed