Cyber
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.
Blog: Lloyd's will need to provide clear guidance for both MAs and the market when implementing cyber war policies
Lloyd’s of London recently released a proposal for its managing agents to exclude war and state-backed cyber attacks from stand-alone cyber war policies. Aaron B Cain, cyber security consultant at Altus, considers the challenges that Lloyd’s will face…
Questgates acquires CP Adjusting; Pen UW rolls out cyber risk management suite; Brokerbility shakes up leadership team
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
For the record: Lemonade joins the ABI; Lexis Nexis expands to Ireland; Jensten acquires Bennetts
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Stubben Edge and Helodrium join forces; Specialty MGA UK launches in London; PIB appoints group CFO
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten buys Ravenhall; Six leave Ed for Consilium; HF moves to Media City
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Blockchain and insurance: Is there still life in this tech solution after B3i entered into insolvency?
Blockchain was touted as the technology that could revolutionise the insurance and reinsurance industry. Yet, in July, the high-profile blockchain consortium B3i entered insolvency after it failed to raise funding. Martin Friel explores what went wrong,…
US cyber MGA Resilience makes play for UK mid-market business
Cyber managing general agent Resilience will look to establish a presence in the London market before setting its sights on UK regional business, international chief underwriting officer Kyle Bryant tells Post.
Clyde & Co enhances cyber offering; Axa Retail launches digital-only brand; Allianz welcomes 37 flexible graduates
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Analysis: Lloyd’s latest cyber directive paves the way for a cyber cat market
Mandated exclusions for state-backed cyber-attacks in standalone cyber policies issued at Lloyd’s could pave the way for a separate market for cyber war and catastrophe risks, executives have predicted.