Cyber
Analysis: Review of the year 2017
The past year has been a stormy one for the insurance market – and not just in terms of weather: the discount rate saga and the insurance premium tax hike helped propel motor premiums to stratospheric highs. Industry figures see clearer skies, however,…
Pool Re expands cover to include physical damage from cyber terrorism
Pool Re will expand its remit to cover material damage and business interruption resulting from cyber terrorism.
Peter Barrett appointed as chairman of Digital Risks
Peter Barrett has been appointed chairman of digital broker, Digital Risks, as it plans to expand across the UK and internationally.
Week in Post: All hail Captain Side Parting
This year’s Budget was rewarding for many reasons: a freeze on insurance premium tax, an increase in research funding for driverless cars, and a dig at Jeremy Clarkson.
Post Claims Club: Industry poised for increased technology integration in 2018
The claims space in 2018 could see a further rise in the integration of Artificial Intelligence and an increase in cyber risks, according to senior industry heads.
Chubb's Kyle Bryant on helping businesses set up a coherent cyber strategy
Insurers can help businesses develop a more coherent approach to cyber risks, says Kyle Bryant, cyber risks manager for Europe at Chubb.
Delta Insurance launches online financial lines platform in Singapore
New Zealand-based digital disruptor Delta Insurance has partnered with a Lloyd's syndicate to provide cyber, technology and financial lines insurance online in Singapore.
Analysis: Home, sweet connected home
Connected devices can help underwrite and mitigate household risks, but they also open the door to cyber vulnerabilities.
This week in Post: Anti-bullying, Amex and IPOs
As the mother of a nine-year-old son who is growing up in a digital world where his life might be played out on social media I was shocked to learn that Childline held over 12,000 counselling sessions with children who were concerned about an online…
Underwriting Service Awards 2017: Winners
The leading lights of underwriting gathered last night at Post’s annual Underwriting Service Awards. The winners are below:
Blog: 12,000 cries for help on bullying, what can insurers do?
Insurers have a role to play against online bullying, explains Alison Colver, national high net worth underwriting manager at Covéa.
Interview: Inga Beale, Chartered Insurance Institute
LIoyd’s CEO Inga Beale was elected the 121st president of the Chartered Insurance Institute at the body’s annual general meeting in July.
Former Aspen head launches Chord Re MGA
Former Aspen Re head Stefan Long has launched managing general agent Chord Re, which will underwrite on behalf of Neon Syndicate 2468.
80% of EU countries expect increased claims under GDPR
80% of EU jurisdictions expect compensation claims for data protection breaches to increase under the General Data Protection Regulation.
Analysis: Cargo theft on the rise
International cargo theft has a huge impact on the frequency and severity of insurance claims and the problem is increasing.
Q&A: Mike Brown and Alistair Kinley, BLM
The insurance industry is currently battling with a multitude of uncertainties: Brexit, Ogden, and the impact of technology. Mike Brown, senior partner, and Alistair Kinley, director of policy and government affairs, BLM, spoke to Post about how those…
Analysis: Energy risks: negative energy?
The insurance industry is worried about the energy sector. This already complicated and fragmented industry is getting more complex, especially with pressure from governments to increase production from renewable sources, just as the risks it faces are…
Failure to innovate now within top five risks facing EMEA financial institutions
Failure to innovate and embrace new technologies is within the top five risks facing financial institutions, with 24% saying they had suffered a financial loss in the last 12 months due to this factor.
XL Catlin's Vincent Branch on the unexpected love affair with AI
Artificial intelligence is already a part of real life but Vincent Branch, CEO of Accelerate, XL Catlin asks how far the love affair will go.
Fidelis launches MGA Radius
Fidelis has launched its first managing general agent, Radius, to be run by Rob Ashton.
XL Catlin appoints cyber leader in Asia-Pacific
Global (re)insurer XL Catlin has recruited from Allianz for a senior Asia-Pacific cyber leadership role.
Brit expands US offering with senior cyber hire
Brit has appointed Courtney Mocio as vice president, cyber and technology at Brit Global Specialty USA.
Insurance industry 'one of main influences' of UK cyber resilience, minister says
The insurance industry is at the forefront of helping to increase cyber resilience among businesses in the UK, the minister for digital, Matthew Hancock has said.
Government pushes for collaboration with insurers on cyber security
Both the government and insurers share a join responsibility in setting a standard for cyber security and protecting businesses, the government has said.