Insurers will face stricter data rules but these may help them grow the cyber market, write Mark Estafanous and Kate Payne, solicitor and partner at Elborne Mitchell.
The number of data breaches reported to the Information Commissioner’s office by financial service companies has risen by 23%.
Taxis working the Royal Albert Hall patch this week had their hands and seats full, chauffeuring well-dressed ladies and gentlemen to the prestigious British Insurance Awards
The incoming EU data protection regulation is likely to be a “shot in the arm” for the cyber market, resulting in a marked growth in cyber insurance revenues, according to AM Best.
Recent events such as the Wanna Cry ransomware attack and British Airways’ computer outage have helped to drive sales of cyber insurance, but there are concerns that a significant part of the risk is being overlooked
Insurers must get a grip on their cyber risk management to fully understand their cyber exposure, the industry watchdog has said.
Post journalists have been recognised for their outstanding work in three categories at the British Insurance Brokers' Association Awards 2017.
The recent surge in ransomware virus attacks has seen little increase in enquiries for cyber insurance cover, survey findings suggest.
Motor insurer AA crashed its own servers after mistakenly sending a 'password update' email to customers.
Apple is working with tech company Cisco Systems in order to help businesses to get discounts on their cyber security insurance policies, Reuters has reported.
Businesses are being warned that they could face greater financial fall-out if they become victim to a cyber or ransomware attacks, following the Petya attack on Tuesday.
A group of insurance law firms have joined together to create a formal network to share knowledge and delivering legal expertise and service clients across four continents.
As Her Majesty the Queen delivered her all-important speech to open parliament, insurers had a lot to think about.
The generosity and heroic nature of Londoners came to the fore this week, when after two recent terrorism attacks the city saw the worst fire in recent history. Firefighters were heralded for entering the 24-storey flaming building and the community came…
The Wanna Cry ransomware attack is going to bring into light cyber wordings and terrorism exclusions, explains Hermes Marangos, partner at Signature Litigation.
UK General is developing a personal cyber policy to cover against cyber bullying and social media hacking.
New rules on data protection will come into force in Europe next year. Sergio Pierro is a professional indemnity underwriter for international financial lines at XL Catlin, based in Paris, and focuses on cyber. He explains how companies can get ready for…
Cyber MGA, Node International has chosen Charles Taylor as its management service and will benefit from its MGA and broker incubator service.
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.