Cyber
Cyber insurance struggles to take off in Europe
Cyber exposures are headline news but, as Francesca Nyman reports, with ample capacity in the market and a lack of regulatory guidance, insurance uptake remains low.
RK Harrison recruits cyber specialist from Marsh
RK Harrison has appointed David Rees as head of cyber practice in its specialist casualty team.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Cyber poll result
Why are European insurance companies failing to provide tailored cyber products?
Cyber Risk Insurance Forum sets focus in inaugural meeting
The Cyber Risk Insurance Forum, established to develop a security framework for companies taking out cyber insurance, has held its inaugural meeting, expanding its membership and developing two lines of focus for its on-going campaign.
D&O may fall short of covering directors for cyber risks
The expanding online universe has introduced new financial risks that may not be covered under general and professional liability insurance, including standard directors' and officers' policies, Willis Group Holdings has warned.
Cyber crime risks on the rise
Willis has warned that "ignorance is no defence" when it comes to ensuring that companies are protected against data breaches as the risk of cyber incidents increases.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Insurers failing to tailor cyber products to European risks
Insurers are failing to provide cyber products tailored to the risks faced by European clients, according to CFC Underwriting's Graeme Newman.
European companies underprepared for emerging risk
The majority of European companies feel underprepared for emerging risks including terrorism and political violence.
View from the top: Eyes wide shut?
It is hard to read news reports that do not contain stories about the latest cyber data breach, or information on 'spyware' and computer espionage.
Broker knowledge gap still an issue for cyber market
Limited broker knowledge is a challenge for cyber insurers trying to raise customer awareness of the products available, according to Geoff White, Zurich's senior market underwriter for techmedia.
"High roller" attacks show banks underestimate cyber risks
Many online banking systems rely dangerously on PCs being secure according to the European Union’s cyber security agency.
Information essential to spur cyber market growth
Better research data and an incentive system could galvanise Europe's cyber insurance market, a report from the European Network and Information Security Agency claims.
Cyber insurance market could ease European digital risk fears
European businesses have been warned that the traditional cover offered by the continent’s insurance providers may not comprehensively address digital risk.
UK companies unprepared to deal with cyber crime
A workshop hosted by QBE has revealed that UK companies are ill-equipped to deal with cyber crime, despite its costing UK business £27bn a year.
Willis appoints Asia FINEX head
Willis has appointed Tony Mitchell as regional head of the firm's financial, executive risk and professional liability business in Asia-Pacific, in response to the increasing exposures faced by executives of companies expanding globally.
Airmic 2012: Buyers unaware of cyber cover market growth
Insurance buyers are in the dark over the growing market for cyber risk cover, research by Airmic has revealed.
Insurance industry struggles to respond to new technological threats
Leading organisations across Europe are failing to integrate cyber threats fully into their risk management strategies, despite mounting concerns about cyber risk.
View from the Top - Insomnia risks
Every survey of 'risks that might keep a CEO awake at night' over the past 12 to 18 months has included 'cyber risk' and will continue to do so.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
JLT aims to tackle risk managers' 'exasperation' at cyber risks
JLT Specialty has launched an Intangible & Cyber Exposure service.
Online video: Future technology and risk in the commercial lines sector
As companies become more ensconced in technology and reliant on it for all facets of business this video discussion looked at future technology, the risks such technology might bring for businesses, and how insurers should react.
Cyber risk rising in Asia
Cyber crime is on the rise in Asia, with small businesses particularly at risk, according to a recent Marsh report.