Cyber
Willis Towers Watson and AIG launch cyber cover for global airlines
Willis Towers Watson and AIG have created a cyber insurance product designed to combat the emerging risks facing global airlines.
Applied Systems completes Biba software house review
Applied Systems has completed the British Insurance Brokers’ Association’s software house review.
Blog: Being prepared for a ransomware attack
Imagine this scenario: Your employees walk into the office on a Monday morning, turn on their computers and a message appears demanding payment to access company systems and data.
Eight out of 10 financial services firms to increase cyber security spending
Eight out of 10 financial services firms expect to invest in preventative technology and IT systems over the next year.
This week in Post: highs, lows and running with the wolves
It has been a week of highs and lows in our household. My son went on his first Cub sleepover and earned the honour of becoming a Sixer. I, meanwhile, returned to the X-ray machine.
CIBA: Insurers need to offer more comprehensive cyber policies in time for GDPR
New methods of hacking and types of cyber breach could lend themselves to greater fines following the incoming General Data Protection Regulation.
CIBA: Cyber policies are evolving to meet expanding risks
Cyber policies are evolving to cover more risks but certain exposures remain underpriced, Allianz has warned.
The Cyber Insurer and Broker Assembly 2017 - as it happened
The Cyber Insurer and Broker Assembly took place on 23 March. Post's journalists reported live from the event.
Cyber regulation: Cyber’s new rules
The tightening of data regulation next year could drive demand for cyber cover and, with the reporting of breaches becoming compulsory, it may help underwriters price this new risk ever more accurately
XL Catlin appoints international head of cyber liability
Global insurer XL Catlin has recruited an experienced cyber insurance professional to head its international cyber and technology underwriting team.
Legal Update: Driverless car policies don't preclude product liability
As automated vehicles take to the roads, the government is likely to focus on one motor insurer as the first port of call for any third-party claim to simplify the claims process. However, that will not preclude other proceedings based on product…
Blog: The three pillars of cyber cover
Recent reports that copies of footballer David Beckham's personal emails had been stolen from his publicist illustrate the speed information can spread once personal or sensitive information is placed in the public domain.
Pool Re: The changing face of terrorism
The number of terrorist incidents on UK soil has dropped since Pool Re was set up, with Irish republican paramilitary attacks giving way to less frequent strikes by radical Islamic terrorists, however, the threat to the country remains as severe
Phone app allows policyholders to log a cyber claim
A phone app that enables policyholders to easily claim for a cyber breach has been launched by CFC Underwriting.
Blog: Is your data breach response plan good enough?
Many savvy organisations are investing time and thought into data breach response plans.
UK businesses to increase cyber security spend
Three out of five UK businesses will increase their cyber security budget in the next year, with more than 20% of those doubling their spending.
Brit launches US cyber team
Brit has launched new cyber and technology team for Brit Global Specialty USA, with Michael Carr appointed as senior vice president, to lead the offering.
Blog: Insuring automated vehicles will require data sharing
Private and commercial vehicles with advanced automated functions are going to gradually enter the UK market over the next few years. In addition to changes to the regulations governing vehicle type-approval, a number of amendments need to be made to the…
Aviation Claims: Winging it
Despite a number of air accidents over the past few years, safety when flying has improved dramatically. However, overcapacity and a lack of profitability could be affecting the market
Cyber controls are 'not fit for purpose'
Organisations' cyber controls are not fit for purpose, including those recommended by government, according to research from the University of Oxford and Novae.
Social media libel: Keyboard warriors
Social media grants people the ability to broadcast their opinions to a wide audience. What coverage can insurers provide against libel?
The Polish insurance market and its prospects
Price wars in the motor sector have contributed to poor results for Polish insurers, but the market could be shaken up by upcoming distribution rules and potentially growing demand for property, liability and cyber policies.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Risk managers and business leaders must be 'cyber savvy'
The UK’s business leaders and risk managers need to be ahead of the curve when it comes to cyber risk, said Julia Graham, technical director at the Association of Insurance and Risk Managers.