Cyber
Ascent launches cyber-risk notification ring fencing
Amlin-backed cyber risks managing general agent is to ring fence data breach notification costs from main policy limits in a bid to protect small and mid-market clients.
Ascent recognises costs of cyber breach notification
Ascent Underwriting, the cyber risks managing general agent, is ring-fencing the costs of cyber breach notification separately from its main insurance policy limit.
Cyber attack readiness on the rise says QBE
Over two-thirds of UK businesses have plans in place for combating cyber crime and data breaches according to QBE.
Interview: Vinicio Cellerini: On top of the world
After 27 years at the firm, Zurich UK global corporate chief executive Vinicio Cellerini explains his is the best job in the company – and that the CEO should be jealous.
Top five Asian news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Major cyber attack suspected in South Korea
Computers at three South Korean national broadcasters and two banks were affected this afternoon as some accuse North Korea of dirty tricks.
Penny Black's insurance week
It appears reports of the death of romance may have been overstated – that is, if the take-up of Arag’s divorce cover is anything to go by.
Lloyd's urged to lead the way in reputational risk cover
Lloyd's is uniquely placed to break new ground by insuring big firms’ reputational risk, according to a cyber liability panel.
Energy firms face increasing cyber threat exposure: Marsh
Oil and gas firms should brace for a wave of cyber threats according to Marsh, citing convering technological, terrorism and political risks.
Cyber Liability: Dangerous territory
As demonstrated by several Twitter-related defamation cases in 2012, unfiltered user-generated content means social media can be a libel minefield. How is the insurance industry responding to the ever-evolving risk?
Top five European news stories
The top five news stories from wwww.insuranceinsight.com over the past seven days.
Beazley brings data breach solution to UK
Specialist insurer Beazley has imported its data breach solution to the UK four years after its US launch.
Europe View From the Top: Risk engineering when growing abroad
Higher costs of living, lower real wages and reduced access to credit has had a direct impact on the profitability of UK companies. This combined with the Eurozone crisis has taken its toll on UK export growth and investment.
Beazley launches cyber product with data coverage limit
Beazley has launched a cyber product focusing on the amount of data covered rather than a financial limit.
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is…
EMEA commercial market to remain stable in 2013
The insurance market across Europe, the Middle East and Africa is expected to remain broadly stable in 2013, according to Marsh's Insurance Market Report 2013.
Only 16% of firms have dedicated CIO for cyber risk
Many European firms still do not devote sufficient attention to cyber risks, despite an increase in frequency, scope, and sophistication - and harsher penalties for lack of regulatory compliance and loss of sensitive data.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
Sony fined £250,000 for Playstation data breach
The UK Information Commissioner’s Office yesterday confirmed that it has fined Sony £250,000 for a ‘serious breach’ of the Data Protection Act.
Cyber risks worries grow but few seek cover
More than three-quarters of organisations have grown concerned about digital securities, yet only 19% of these have taken steps to secure the necessary insurance cover, Zurich research has revealed.
European View from the Top: Meeting the challenge
Independent brokers need to address many challenges in a global environment, says Jose Manuel Dias da Fonseca.
Cyber liability: The shape of things to come
How is the cyber liability market likely to evolve in a technology landscape fraught with great risk?
Drive-by attacks top cyber threat list
Drive-by exploits are the top threat facing web users today, according to the European Union's cyber security agency ENISA.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.