Cyber
#BibaFever 2016 - Who has the go to stand?
According to this year's tagline, Biba 2016 is the "go to place". But whose stand is the go to stand?
Biba 2016: Biba forms cyber committee
"Firms of all sizes need to take action" against cyber risks, says the British Insurance Brokers' Association, which is setting up a committee of technical experts to provide its members with guidance on current risks and insurance available.
Cyber insurance: Developing knowledge
With the number of cyber crimes increasing, knowledge of attacks is developing enough for cover to be rolled out. What are the options for insurers?
Blog: Recall insurance must address car hacking
Vehicles are increasingly connected and far more software-reliant than they used to be. Unfortunately, most insurers offering product recall solutions are unprepared for this new reality.
Digital start-ups: Ready to launch
With a new start-up being founded every minute in the UK, the insurance industry has to meet the needs of this new breed of client.
Panama Papers leak could expose insurers to wider claims
Insurers could be hit hard as a result of the fallout from the Panama Papers data leak, according to lawyers.
RSG launches cyber facility with £20m Lloyd's backing
Chicago-based RSG Underwriting Managers has launched a £20m cyber risk facility based in London.
40% of Singapore companies to have cyber insurance by 2020, says AIG
The cyber insurance market is forecast to grow 50% in Singapore this year according to AIG Asia-Pacific.
Lowest investment returns since 2001 'biggest reason' for Lloyd’s profit fall
Lloyd’s finance director John Parry said the market’s lowest investment returns in 14 years was the main factor behind its £900m profit plunge in 2015.
Markel launches fintech protection
Markel International has launched a policy that offers protection for businesses operating in the fintech sector.
Cyber criminals increasingly moving from privacy breaches to extortion
Increasingly sophisticated malware and ransomware attacks are rising to the top of the cyber threat list, with industry cyber experts predicting a surge in ransomware incidents in 2016.
Data breaches caused by hacking or malware on the rise, Beazley finds
Beazley’s specialist breach response services unit responded to 60% more data breaches in 2015 compared to the previous year, the insurer has revealed.
Litigation likely to test limitation clauses in data breach cases
Litigation will test the effectiveness of companies seeking to absolve themselves of data protection and data security responsibilities via clauses in contracts as companies increasingly believe it's "worth a go", according to cyber insurance experts.
Europe: Talking Turkey on cyber risks
Following recent cyber attacks - purportedly carried out by hacktivist group Anonymous, there is growing understanding of the value of covering cyber liabilities.
Legal Update: Time for insurers to get ready
A growing number of cyber incidents means insurers must prepare strategies to deal with a range of new business interruption liabilities.
Marsh recruits ex-GCHQ director for cyber role
Marsh has appointed former UK security and intelligence organisation GCHQ director Sir Iain Lobban as a senior adviser on cyber risk.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 12 - Matthew Hogg, chair, Cyber Risk and Insurance Forum
There is no doubt 2016 will be the year of cyber and while most of the market is still finding its feet here others are learning.
UK cyber market to resemble US amid tougher EU penalty regime
The UK insurance market is expected to increasingly follow its US counterpart as incoming EU legislation substantially toughens up penalties for data breaches.
Insurers appetite for cyber risk questioned in light of HSBC hack
The capacity and appetite of insurers for covering cyber risk has been put in the spotlight once again following today’s cyber attack against HSBC.
Chubb partners with Crawford on cyber incident response platform
Global loss adjuster Crawford & Company has teamed up with Chubb to provide the insurer’s clients with a single point of contact and an around the clock response platform to report cyber incidents.
Marsh unveils global excess cyber risk facility
Global broker Marsh has launched a new global excess cyber risk facility that is designed to provide more reliable insurance coverage for organisations around the world.
Aviva survey finds widespread cyber complacency
Research from Aviva shows more than two fifths (44%) of UK businesses believe they are unlikely to be a target for cyber crime.
Lloyd's partners with modelling firms on cyber data requirements
Lloyd's has agreed a common core set of data requirements for cyber risks in collaboration with modelling firms AIR Worldwide and RMS alongside the Cambridge Centre of Risk Studies.