Cyber
Relationship building ‘surely the end goal’ of analytics
Insurers need to do more to build on their data and analytics capabilities to address customer needs, a conference heard.
Evolving technology makes cyber risk pricing ‘challenging’ to predict
The rate at which technology is evolving makes it difficult to predict cyber risk pricing, members of the press heard at a conference in Las Vegas.
GDPR filings a potential parametric insurance trigger
General Data Protection Regulation filings could be used as a potential trigger for payouts from cyber parametric insurance policies, a conference heard.
Insurers respond to cyber threat to railways
Traditional insurance policies do not cover emerging threats to the railway posed by cyber hackers, a conference heard.
Bupa fined £175,000 for data breach
The Information Commissioner’s Office has fined Bupa £175,000 for “systemic data protection failures”.
Premium Credit says customer data is safe following ‘cyber incident’
Hundreds of customers have been unable to secure premium finance after the UK’s largest provider saw its services go offline following a “cyber incident”.
AGCS' Yogesh Virji on managing inevitable cyber risks
As cyber risk is climbing the concern ladder, Yogesh Virji, head of cyber - UK at Allianz Global Corporate & Specialty, explains how the materialisation of this threat can affect various lines of insurance.
Commercial insurance fraud: Where future priorities lie
Closing the gap between the commercial and personal lines insurance sectors in the battle against fraud is a growing priority. Sara Costantini, director at Crif Decision Solutions, looks at what can be done now and where might the future priorities lie.
Analysis: Gig economy: The big gig ruling
The Supreme Court ruling in Pimlico Plumbers, granting employment rights to a gig worker, might lead to an increase or a shift in liability claims. But it also opens up a door for new products as gig economy platforms will want to cover their new…
Analysis: Cyber terrorism: A ticking digital bomb?
Cyber terrorism is still very much a hypothetical threat but, with governments investing in cyber security to foil attacks, it’s a risk that insurance markets are watching closely
Analysis: Military recruitment: A call to arms
As insurance tries to attract talent and adapt to emerging risks, the London market is increasingly turning towards the military for new recruits
Roundtable: Tackling ghost broking before it spreads further
Ghost broking is a growing threat and it is spreading to the commercial environment, Post held a roundtable with senior claims and fraud figures to discuss what the insurance industry should be doing about it
Questgates’ investigation rejects hack allegation
Questgates has interviewed all its staff at its Northampton office, following allegations of a cyber security breach.
Blog: The new cyber and terror risks looming over schools
The September renewal period for the education sector is fast approaching, providing brokers with an opportunity to explore cover options for new and emerging risks, explains Faith Kitchen, education director for Ecclesiastical.
AIG's Mark Camillo on how GDPR is driving the European cyber market
GDPR is driving a surge in the European cyber insurance market, explains Mark Camillo, head of cyber for Europe, Middle East and Africa at AIG.
This week in Post: Sore heads and muddy journos
It’s been a week for sore heads, with England crashing out of the World Cup on Wednesday. Fortunately, with the industry keeping us so busy, there hasn’t been much time to ruminate on the pain.
Acord, Aon and Beazley team up on first data breach standard
Acord, the global standards-setting body for the insurance industry, has published the sectors first standard for a cyber data breach.
This month in Post: Prizes, proposals and pledges
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
Beazley's Catherina MacCabe on the mounting pressure on D&Os
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.
Insurers increase cyber security spend
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
AIG cyber specialists handle 'one cyber attack per day'
AIG has reported that its cyber specialist team is handling at least one cyber attack every day, and has seen as many claims notifications in 2017 as in the previous four years combined.
CPD module - GDPR: Legal Update: How the GDPR is going to change the lives of insurers
Insurers will face stricter data rules but these may help them grow the cyber market, write Mark Estafanous and Kate Payne, solicitor and partner at Elborne Mitchell.