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”.
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.
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.
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…
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
As insurance tries to attract talent and adapt to emerging risks, the London market is increasingly turning towards the military for new recruits
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 has interviewed all its staff at its Northampton office, following allegations of a cyber security breach.
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.
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.
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, the global standards-setting body for the insurance industry, has published the sectors first standard for a cyber data breach.
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.
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.
Insurance firms invested 85% more in cyber security during 2017-18 than during the previous financial year.
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.
In a world where political volatility is rife and where an individual’s net worth and lifestyle are discoverable through a Google search or Instagram feed, kidnap for ransom has never been easier or more lucrative. As the threat to clients increases, so…
This week in Post, the government said that it is considering plans to exclude cyclists and vulnerable road users from the proposed £5000 limit on fast track claims.
It’s been 10 years since motor broker 1st Central launched in the UK, with policies sold exclusively over the phone or the internet. Simon Walker, who became CEO of parent company First Central Group in January, expects online giants like Amazon or…
Insurers’ cyber offerings have improved over the last five years, but consumers still struggle with the language and expressions used in policies.
Cyber cover is entering personal lines and offering protection against online bullying. But is it really a place for insurers?
Following the collapse of Danish insurer Alpha hundreds of black cab drivers were left unable to work and without any insurance cover. With little communication from the insurer the drivers took matters into their own hands and besieged the offices of a…