Cyber
UK insurers vote cyber as most concerning risk
Cyber risk has topped a list of 25 concerns facing UK insurers, PWC research has revealed.
Lloyd's highlights data sharing as imperative to mitigating cyber risk
Insurers and governments must share data in order to accurately assess the risk of a large-scale cyber attack and protect businesses, according to Lloyd's research.
Trade Voice: Innovation: evolution or revolution?
A fresh approach is needed to tackle change, one that involves greater collaboration, says
Europe: Cyber security
With hacking and phishing scams on the increase, businesses would be expected to include cyber insurance in their arsenal of measures designed to protect them and their customers in the event of breaches.
Cyber attack on Polish airline grounds 1400
Polish airline LOT was forced to delay flights for five hours last Sunday (21 June) after a cyber attack on its ground operations systems.
Blog: Test driving the Insurance Act 2015
The new Insurance Act 2015 does not come into effect until August 2016 - as such the Act has yet to be tested in the UK courts. On 20 May 2015, the British Insurance Law Association changed that by holding the first ever mock trial exploring the new Act.
C-Suite - Insurer: Beware the rise of the machines
The Internet of Things presents opportunities for business, but brings with it questions of liability, says Jacqueline McNamee.
Uninsurable risk: No-go zone
According to businesses, six of the top 10 risks facing them are deemed uninsurable. Are insurers being innovative enough to address the problem?
Legal update: The Internet of Things - Who is liable?
The legacy of low-quality components could be challenging for insurers, says Jim Sherwood.
Directors could be held personally liable for cyber attacks
Company directors and officers could be personally exposed to lawsuits, shareholder actions and regulatory activity if they are found to have breached their duty in the wake of a cyber-attack, according to Marsh.
Aviva unveils cyber cover for SMEs
Aviva has launched its first cyber cover designed for small to mid-market customers to help combat the increasing threat of data and privacy breaches.
Interview - Patrick Smith: The business of risk
Post caught up with new Airmic chairman Patrick Smith to find out his plans for the organisation and hear more on how risk management is making its way up to the boardroom.
Airmic: Liverpool Lowdown
With Airmic’s 2015 conference taking place in Liverpool. Post asked industry movers and shakers about which city hotspots they’ll be checking out and what they expect from this year’s event.
Human error to blame for 75% of cyber breaches at large firms
Human error continues to feature heavily in cyber breaches despite increased staff training, according to a new report.
C-Suite: Cybercrime is still a low priority in Asia-Pacific
As cyber attacks become more frequent and damaging, many public companies in the Asia-Pacific region remain complacent about the issue and do not perceive it as a top priority despite their increasing vulnerability writes AIG's Jason Kelly.
Insurers ‘not yet at the table' to provide cyber solutions to customers
Marsh's UK and Ireland CEO Mark Weil has told the insurance industry that it has more to do to prove to customers that it can provide solutions to the growing cyber threat that is hanging over clients' businesses.
ABI says that cyber insurance to be the norm by 2025
Cyber insurance should become as common a purchase for UK businesses as property insurance within the next 10 years, the Association of British Insurers said today.
Interview: Julian Enoizi: A pool of knowledge
Eighteen months into his role as CEO of Pool Re, Julian Enoizi talks about the changes he has made, how a new government may affect things and offers advice to Flood Re.
Editor's comment: Insuring the uninsurable
Insurance industry leaders repeatedly tell me how proud they are of the sector’s ability to innovate – after all insurance is usually at the cutting edge of developments and insures risks ranging from satellites in space to deep sea exploration.
Product innovation required as global firms face uninsurable risks
Industry experts have highlighted product innovation as a means of addressing the findings of an Aon study that showed six of the top 10 risks impacting global businesses are uninsurable.
Allianz to offer cyber and reputation lines in China
Allianz Global Corporate & Specialty will offer cyber and reputation risk insurance in China from June.
Ghost broker awaits sentencing for selling bogus insurance via fake company
A consultant is due to be sentenced for ghost broking after admitting selling bogus motor insurance to UK drivers through a fake company.
Blog: Why is there a lack of capacity in the cyber market?
In this digital era, why are so many businesses still unaware of the cyber threat?
C-suite - Broker: Preparing for cyber attacks
Many SMEs are ill-equipped to deal with the threats they face from hacking, says Marsh's Julie Page.