News

How to sell cyber to small business owners

13/08/2018 07:44
There is a very large untapped market for selling cyber insurance to small businesses. How can brokers best approach small business owners to offer them cyber coverage? A recent 2018 study of...

EIOPA Report "Understanding Cyber Insurance - A Structured Dialogue with Insurance Companies"

06/08/2018 11:24
Today, the European Insurance and Occupational Pensions Authority (EIOPA) published its report "Understanding Cyber Insurance - A Structured Dialogue with Insurance Companies" (EIOPA Understanding...

Unleashing the Potential of the Cyber Insurance Market

16/07/2018 22:56
Cyber insurance has huge potential but the cyber insurance market remains frustratingly immature and is not keeping pace with threats and technology. Whereas many businesses have property insurance,...

Financial sector vulnerable to cyber attacks, could cost $100B a year: IMF report

24/06/2018 08:42
The International Monetary Fund--or IMF--says average annual potential losses from cyber-attacks could be close to 9% of banks’ net income globally, or around $100B. In a severe scenario...

CFC launches cyber insurance guide for brokers at BIBA 2018

17/06/2018 14:24
Specialist insurance provider behind BIBA’s cyber insurance scheme, CFC, will be launching its new BIBA Cyber Guide at BIBA 2018. While one of the most talked about topics in business insurance,...

Cyber Claims Case Study: The importance of cover for data re-creation

17/06/2018 14:22
Cyber risk often touches companies in unexpected ways. In May 2017, an engineering firm learned this when it lost access every last piece of data it held. This included all of the firm’s technical...

The Blockchain GDPR Puzzle: An Expert Weighs In

12/06/2018 07:14
It’s no wonder when you bring two massive technology shifts together experts in each area rush to weigh in at the intersection. Akshay Sharma, Principal Analyst for the boutique advisory firm...

Free E-Book Demystifying Cyber Insurance: For data breach and more: 5 Steps to the Right Coverage

20/05/2018 20:15
Today’s cyber risks come in all shapes and sizes, from disclosure of protected information due to hacking or employee negligence, through network shutdown or impairment, regulatory violations, and...

Are GDPR fines insurable in the countries where you operate?

18/05/2018 08:27
The potential financial impact of the General data Protection Regulation (GDPR) has generated concern across organizations globally. It is important for you to be aware of how the insurability of...

What can maritime insurers learn from cyber liability insurers?

11/05/2018 07:37
I first got involved in cyber liability insurance back in 2011. An underwriter contacted me for some advice around a new ‘cyber’ thing that they were planning to launch and had seen me speak at a...

Governing Cyber Risk: A Guide for Company Boards

27/04/2018 07:03
Boards are facing the challenge of having to innovate to keep up with evolving digital technology and ensuring their firms are resilient to new cyber threats.   There has been a lot of...

Equifax has spent $242.7 million on its data breach so far

27/04/2018 06:23
The spending is shifting more toward data security and IT systems. Equifax carries $125 million in cybersecurity insurance with a $7.5 million deductable. Equifax's first quarter earnings report...

Cyber Insurance Is Quite Profitable at the Moment: PwC

25/04/2018 13:30
Μost carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a new global survey of specialist...

It’s Time To Quantify Cyber Risk Exposure

14/04/2018 02:20
The last 40 years have seen a transformation in where value lies for most organizations. In 1975, more than 80 percent of the market cap of the S&P 500 was derived from physical assets and...

The Digital Economy & GDPR

13/04/2018 08:06
The EU General Data Protection Regulation (GDPR), which is due to come into force in May 2018, will affect every organization that uses the data of European citizens. In this article, Stephen Cameron...
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