Cyber
BI remains top global risk while cyber is UK's biggest threat
Business interruption is the top global risk for the fourth year running, according to the Allianz Risk Barometer 2016, with cyber attacks, geo-political instability and technology failure identified as new possible drivers of BI losses.
Business interruption from cyber attacks a growing concern, says AGCS
Business interruption is the top risk globally for the fourth year in succession according to Allianz's Risk Barometer 2016 - an annual survey of risk managers.
Barbican Insurance group merges capabilities into single brand
Barbican Insurance Group has launched Barbican Protect, which brings together the underwriting expertise and service capabilities of Barbican Underwriting Limited, PI Protect and Barbican Channel Islands into a single brand.
PI and D&O targeted as cybercrime exposures continue to grow for insurers
Cybercrime claims are having an impact on an increasing number of business areas, with market commentators citing professional indemnity and directors' and officers' as two markets that are becoming more vulnerable to the impact of cyber-attacks.
IFB joins forces with ICO in fraud fight
The Insurance Fraud Bureau has formalised its data-sharing agreement with the Information Commissioner’s Office in a bid to track misuse of personal data in insurance fraud.
EU parties agree cybersecurity legislation
Negotiators of the European Parliament, Council and Commission have agreed on the first European Union-wide legislation on cybersecurity.
Chubb introduces cyber-bullying cover for HNW products
Chubb policyholders who become victims of cyber-bullying may claim up to £50,000 towards professional support, lost income and temporary relocation costs under their home policy following changes to the insurer’s private clients offering.
Interview: Aviva Commercial Lines: On top of the world
Three of Aviva’s commercial lines management team tell Post their plans for building on a business that is already in good shape.
Catlin and former Home Secretary back 'Cyber Re' idea
Insurer boss Stephen Catlin and former Home Secretary Lord David Blunkett have both expressed support for the idea of a government-backed reinsurance scheme for cyber crime.
Cybercrime threat overlooked by majority of SMEs
Concern over cybercrime exposure is rising among SMEs but the rate is still low, with just 8% of firms worried about such attacks and 17% thinking they're too insignificant to be targeted.
Europe: Cyber thieves - the nightmare before Christmas for insurers
The nights are drawing in, Christmas is coming, and retailers are getting fat on the back of Black Friday and Cyber Monday, which have boosted annual high street sales this year to record levels.
Insurers feel 'under prepared' for cyber attack
Almost half of the insurers in the London Market feel under prepared for a Talk Talk-style cyber attack according to a survey by business technology provider Xchanging.
Asia: The complexity of cyber exposures
Businesses in Asia need to brace themselves for a new generation of cyber risks, as threats go beyond traditional ‘hacktivist’ attacks.
Claims Club Asia: Cyber risks on the agenda
At the final Claims Club Asia of 2015 in Hong Kong, an audience of claims professionals heard from experts on cyber risks.
Pool Re mulling cover for cyber terrorism ‘manifestations'
Pool Re is undertaking a study into whether the government-backed scheme might cover certain manifestations of a cyber terrorist attack, such as fire or explosion.
The State of the Insurer Nation: Driving the industry forward
As the State of the Insurer Nation report comes to an end, what can the industry expect in the future and how can it move forward?
SME cyber product launched by HSB to target gap in market
A cyber insurance product targeted for small to medium-sized businesses was launched by HSB Engineering Insurance today (12 November).
Talk Talk reveals cyber attack cost but stays on track for financial targets
Talk Talk is aiming to hit its fiscal targets for 2016, set before last month’s cyber attack on the telecoms company.
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
State of the Insurer Nation Blog: Working in unison to combat insurance risks
Government and insurers need to cooperate against cyber crime as they already do against traditional risks.
Importance of reputation coverage flagged in wake of Talk Talk breach
The growing number of high-profile data breaches has highlighted the importance of reputation coverage alongside cyber insurance and wider financial policies, according to industry experts.
What you’ve been reading this week
The 10 most read stories on Post Online from 21 – 27 October 2015.
AIG appoints first global head of cyber
Tracie Grella, AIG's global head of professional liability, has become AIG's first global head of cyber for commercial lines.
Talk Talk insurance policy questioned following latest cyber breach
Talk Talk will be facing “significant” costs in responding to its latest cyber attack if the firm does not have the required extension on its traditional insurance policy, industry experts have warned.