Blog: Silent cyber - the challenges facing the insurance industry
Following a line of cyber-related regulatory developments, Lloyd's has announced it is mandating that “all non-affirmative policies provide clarity regarding cyber coverage by either excluding or providing affirmative coverage". But according to Barnaby Winckler and Graeme Baird, partners at global law firm Kennedys, this could present considerable practical challenges to the market.
All first-party property damage policies written on or after 1 January 2020 will need to conform. The requirement will be introduced for liability covers and treaty reinsurance over the following two
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