Cyber
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.
Trade Voice: Biba CEO on why brokers should listen to the Dalai Lama
Steve White, CEO of the British Insurance Brokers' Association, explains why brokers should listen to the Dalai Lama and be clear with customers about what "bang they are getting for their buck."
Aviva looks to HNW and SMEs for growth
Adam Winslow, CEO of Aviva UK & Ireland General Insurance, has revealed plans to increase the provider's share of the high-net-worth insurance and SME cyber market in 2023.
Saga hacker releases more customer details including knighted actor
The hacker responsible for releasing five Saga Insurance customers’ information earlier at the weekend has released the information of more customers as negotiations, and investigations, continue.
Saga suffers ‘unusual breach’ where customers have credit card data leaked
Saga UK has been contacted by an alleged hacker who claims to have credit card information for a whole database of customers, however, question marks have been raised over the legitimacy of the claim.
Aviva reshuffles claims legal panel; Minster Law partners with AA; Flood Re adds a NED
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Zurich Japan hit by data breach with 750,000 users’ info stolen
Zurich has confirmed that it has suffered a data breach where 757,463 users have had their data stolen.
PRA warns insurers to brace for further inflation woes
The Prudential Regulation Authority has told insurers to factor inflation into their business planning, kick the tires of their approach to risk management and prove they can withstand cyber-attacks in 2023.
GRP buys Christopher Trigg; Aston Lark opens two regional offices; AIG appoints global head of distribution
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Four biggest challenges facing insurers in 2023 revealed
To help you prepare for the challenges and opportunities of the next 12 months, Insurance Post spoke to insurance analysts and regulatory experts to uncover four things you need to know about what 2023 holds in store for the industry.
Most-read insurance stories in 2022 revealed
The most-read Post stories of 2022 show what captured the insurance industry's attention as pandemic restrictions were lifted, inflation soared, many sectors went out on strike for improved pay and cyber-crime continued to escalate.
Pen invests in regional claims hub; Bikmo and Particle partner; Hedron Network appoints CEO from GRP
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Review of the Year 2022: Insurtechs (part two)
Senior insurtech figures from the market reflect on 2022 and reflect on what 2023 might bring.
Aviva aims at continued 'double-digit' regional broker growth
Ryan Birbeck, distribution director of regional brokers at Aviva, said the firm is aiming to continue its trajectory after three years of "double digit" growth, and has pinpointed cyber as a "significant" opportunity.
The insurance challenges facing churches this Christmas
As the cost-of-living crisis causes many to feel the pinch this Christmas churches and places of worship have been undergoing a transformation when it comes to the use of the house of God, one that the specialist insurers in the market have had to…
Review of the Year 2022: Claims and Legal (part two)
Senior claims figures look back on 2022 and reflect on what 2023 might bring.
SSP no longer listed on ransom group's site
Software house SSP is no longer listed as under ransom by the Lockbit group after its ransom was reduced down from $7m to $2m.
Insurance Taskmaster Episode Five: Insuring driverless flying taxis in Milton Keynes [2042]
Insurance Post has teamed up with Verisk for a new video show, in which we tasked six industry rising stars to solve some historic challenges faced by the market over the past two centuries.
CFC's Holmes voices frustration with capital providers' nat cat 'opportunism'
CFC Underwriting’s chief underwriting officer Andy Holmes has voiced frustration with capital providers’ overlooking a “long-term opportunity in cyber” in favour of the natural catastrophe reinsurance market.
Analysts report decrease in cyber attacks so far in 2022
Cyber analysts have reported seeing both the number of significant cyber attacks and the value extracted through ransomware attacks fall this year.
CFC moots independent body to identify and categorise ‘cyber hurricanes’
CFC Underwriting has proposed setting up an independent body to categorise the severity of cyber events, claiming it would enable insurers to tackle systemic risk and pave the way for a cyber catastrophe risk market.
SSP hit by cyber security breach and $7m ransomware demand
Software house SSP has suffered a cyber security breach by the Lockbit ransomware group, affecting its internal network and systems.
Trade Voice: ABI's Hannah Gurga reinforces the vital role insurance is playing in the midst of the permacrisis
Hannah Gurga, director general of the Association of British Insurers, says the industry needs to shout about the vital role it plays in society, and argues that regulatory reform could enable it to have an even greater impact.
WTW partners with Liberty and Markel; MS Amlin's 3-year sustainability plan; Novidea appoints head of UK delivery
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.