The pace of change surrounding cyber risks is a key barrier to effective cyber risk management, experts said.
The relevance of risk management as a profession will suffer if it continues to fail to attract young talent, one of the industry's leading figures has said.
Caytons Law has developed a claims process service for its insurer clients that offer cyber policies in order to correctly map risk and settle claims appropriately.
Cyber attacks carried out with ransomware are becoming more common with the number of ransomware claims rising to 22.4% in 2017, CFC Underwriting has said.
Technology and innovation are important to the insurance sector but Anthony Baldwin, CEO of AIG, says while concentrating on these insurers must not lose sight of what is important to the customer: the claim.
With another General Election looming, the insurance industry will likely be holding its breath on what the incoming government will make of the insurance premium tax, the Ogden rate and whiplash reform.
In the current cyber insecurity, insurers need to review their management structure and their risk processes to protect their data and their customer’s data, say Matteo Coppola and Ofir Eyal, partners at the Boston Consulting Group.
Seven out of 10 firms said insurers should do more to explain how they price cyber risk, according to a survey.
Beazley CEO Andrew Horton speaks to Post about the company's UK, Europe and international expansion programme.
In response to the Wanna Cry ransomware attack, the Association of British Insurers has reiterated its calls for an anonymised cyber incident database once the General Data Protection Regulation comes into effect.
PWC has added a "reg-tech" start-up to its Reference Architecture list of companies that can help clients with General Data Protection Regulation compliance.
There is a menace in my house in the form of water. First it caused problems in my kitchen (as many of you will remember) and now it's found its way out of the bathroom.
Beazley will open an office in Birmingham with 100 staff to target the intermediated regional market.
Before driverless cars take to the road, the public needs to be reassured about their safety and cyber risks need to be mitigated, write Deloitte partners Gurpreet Johal and Nigel Walsh. But once liability is clarified, insurers stand to benefit.
Aviva has taken precautionary measures against the Wanna Cry ransomware attack which happened last week by going into cyber lockdown.
A ransomware attack on the NHS has highlighted the “wrong direction” the insurance industry has taken on cyber, experts have warned.
Over 29,000 firms in China and other countries in Asia-Pacific have become victims of the WannaCry global ransomware attack.
The insurance industry and the UK government need to work together on cyber crime and travel risks, former Prime Minister David Cameron said in his keynote address to the British Insurance Brokers’ Association conference.
The General Data Protection Regulations will not have as big an effect on cyber policies and the regulator may not enforce it as strictly as expected.
More than 70% of brokers are concerned over the Ogden discount rate and the effect it could have on the number of people buying their policies, according to Covea’s latest broker survey.
Health insurers may be leading the way with data analytics but best practices will eventually trickle down to general insurance, the CEO of a health tech start-up said.
Nothing is truly resilient against hacking. There’s always a trade-off between utility and the cost of protecting those systems according to Mark Hawksworth, technology specialist practice group leader at Cunningham Lindsey.
A start-up is planning to offer insurers a cyber security risk analysis for high net worth individuals and businesses.
Brand reputation and damage is the top concern for business across the globe according to survey findings from Aon.