Cyber
Blog: Intellectual property insurance still under valued despite rise of cyber attacks
There still appears to be a significant disconnect between the understanding of cyber risks and the response to them at board level. RGL Forensics partner Ben Hobby explains that as a result companies might have already suffered, or are about to suffer,…
Endeavour introduces cyber offering to protect against physical damage
Delegated Authority Specialist and Lloyd’s Broker Endeavour has developed a cyber product to protect manufacturers against the physical damages that occur due to a breach.
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
Brokers informed: W&I for bricks and mortar
Warranty and indemnity insurance has seen significant growth in the real estate sector over the last few years. And, with the cover offering significant advantages to those involved in real estate deals, many expect it to become a standard part of any…
Blog: The five peril categories to better manage cyber risks
There needs to be a significant shift in how cyber risk is understood and managed to help boards have a more accurate view of potential losses, as well as opportunities. Robert Vescio, chief analytics officer, SSIC, explains how using five peril…
UK is a few years away from direct cyber market: CIBA 2018
The cyber insurance market is evolving into a more digitally enabled one, which might help it open up to smaller customers where penetration is typically lower.
This week in Post: Why insurers should head to a Maths Jam
This week I attended my first Maths Jam, a gathering of self-confessed maths enthusiasts who get together in a pub and share stuff they like.
My Other Life: Stephen Ridley, triathlon competitor
When not busy as lead cyber underwriter at Hiscox UK and Ireland, Stephen Ridley competes in triathlons.
Blog: How brokers can convince schools to buy cyber coverage
With less than one in three UK schools covered by cyber insurance, Faith Parish, education director at Ecclesiastical, explains how brokers can encourage take-up.
Analysis: Risks, challenges and opportunities of commercial use of listed buildings
Underinsurance casts a long shadow across the world of listed properties, especially when owners are constantly expanding commercial activities. Experts warn that there can be many traps for the unwary or naïve, many of which do not come to light until…
Blog: How to make your cyber offering stand out
Cyber insurers can gain market share by differentiating their products. Benedict McKenna, vice-president and London operations claims manager at FM Global, explains how.
UK General launches cyber personal lines product
UK General has launched a personal lines cyber insurance product to cover loss from cyber bullying, defamation and insured data held on smart devices.
Blog: Non-damage business interruption comes ashore
Non-damage business interruption has long existed in the maritime sector and could come ashore for companies looking to protect themselves, especially from cyber risk, explains David Williams, underwriter at The Strike Club.
China-backed hackers can cause insurers 'extensive' losses
China-backed hackers have the technical capabilities to cause insurers extensive losses, a consultant warned.
Fight against hackers is like 'Cold War on steroids'
The cyber security and insurance industries are focusing too much on products and neglecting the human factor that is at play in 95% of data breaches, a conference heard.
AIG's Steve Agutter on combining robotic insight and human touch
Claims adjusters need to embrace automation but it's their human touch that will win - or lose - customers, explains Steve Agutter, head of claims at AIG International.
This Month In Post: Truth or dare on cyber
At the ABI annual dinner on Monday, as guests at my table predicted future insurance trends, I was struck by a suggestion. People will want to protect their most precious belongings and, in 10 years’ time, that will be their personal data, a KPMG partner…
Interview: Romaney O'Malley, AIG
AIG head of UK regions Romaney O’Malley has been heading the group’s industrial segment since June 2016. She explains to Will Kirkman how the insurer is reshaping its approach to risk and fostering its female talent
The risks and regulations driving the Turkish insurance market's growth
Emerging risks as well as new and upcoming regulations are driving the growth of the Turkish insurance market, explain Pelin Paysal and Ilgaz Önder, partner and associate at Gün and Partners.
ICO expanding its workforce in time for post-GDPR breach reports
The Information Commissioner’s Office is in the process of adding to its team to deal with the expected influx of breach reports in the wake if the implementation of the General Data Protection Regulation.
FCA reveals surge in cyber attacks
The number of reported data hacking attacks against financial services companies has quadrupled in the last year, according to figures from the Financial Conduct Authority.
Cyber Research 2018: The findings
Cyber has come a long way in the past 70 years, yet its meaning has essentially remained the same: it still encompasses the notions of control and communication. Post, in association with Cyberscout, surveyed the insurance market and consumers to find…
Cyber Research 2018: Cyber insurers will live and die on claims experience
As the cyber insurance market grows, a specialised process to support cyber claims could make or break insurers. Tom Spier, director of international business development at Cyberscout, reveals how insurers are doing in this market.
Hiscox to use real time cyber attack data in 'first' for awareness campaign
Hiscox will display real-time cyber attacks to raise awareness of the threat that cyber crime poses to SME businesses, as part of its new ad campaign.