Cyber Insurance
Accountants & Solicitors Ignore Cyber Risks
By Duncan Sutcliffe
As an insurance broker my clients expect me to appraise what is valuable and important to their business, assess the potential threats, the consequences of an incident and then advise on ways to reduce the risks and recommend relevant insurance to mitigate any potential losses. When it comes to Cyber Risk - and despite the constant warning from government, experts and the media - getting business owners to act responsibly is tough.
WEBCASTS | Cyber Risk Insurance | BI Insurance, Claims & case studies
This Webcast provides a brief introduction to the often intangible nature of cyber disruption and what this means to your business.
More and more business interruptions are being caused by the effect on an IT event. In this short series of videos we look at how this is changing business and what firms can do to help protect themselves.
WEBCAST | Cyber: a review of the market
This Webcast looks at how the cyber insurance market has developed over the past 10 years. Sarah Hewitt and Matt Hogg discuss how cyber cover can vary, what makes a good policy and what the future may hold.
PWC Insurance 2020 report | reaping the dividends
Reaping the dividends of Cyber ResilienceReport recommends Public-Private Reinsurance scheme to support UK prosperity
A new Long Finance report finds that a public/private cyber catastrophe reinsurance scheme would support UK cyber prosperity while adding clarity and certainty in the insurance market
This is the conclusion of the Z/Yen Group/Long Finance report titled "Promoting UK Cyber Prosperity: Public-Private Cyber-Catastrophe Reinsurance".
Systemic Risks | Underwriting Committee
CRIF is providing useful information and articles covering Cyber Risk & Insurance. This article comes from our Underwriting Committee
This article looks at the issues that need bearing in mind when underwriting and we hope it will provide some insight into how cyber insurance risks are underwritten and what good underwriters look for when analysing submissions.
Understanding Systemic Risks
At CRIF we plan to provide useful information and articles covering various threads of Cyber Risk & Insurance. One such thread is that of underwriting and through a series of bi-monthly articles we hope to provide some insight into how cyber risks are underwritten and what underwriters look for when analysing submissions. Each article will include commentary from the various CRIF members covering broker, legal & technical perspectives where necessary.
The development of Cyber Insurance
In Boardrooms around the world cyber insurance is an important subject that is gaining in profile and importance.Ace Group Expands European Cyber Risk business
ACE Group today announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk.
The announcement follows research by ACE which indicates that cyber is a “top three” emerging issue for European risk managers and represents a further evolution of the work of ACE’s global cyber practice, first established in 2014.
Government partners up with insurance sector against cyber threats
The aim of the discussions was to develop a collaborative approach between the insurance sector and the government to reduce the cyber risk dangers faced in the online business marketplace. The rationale behind this was that insurers and insurance brokers can help promote the adoption of good practice, including Cyber Essentials that reduce the frequency and cost of breaches.