Article archive

Boards Push Insurers to Quantify Cyber Risks. But the insurance industry is in its infancy on cyber and is too focused on pushing products.

02/11/2016 07:22
  Galvanized by recent cyber attacks against corporations, boards of directors are pushing their companies’ risk managers as well as the insurance industry to quantify cyber risks. The push for better predictive data on computer breeches stems from directors’ desire for clarity on how to...

2016 Survey of Cyber Insurance Market Trends

01/11/2016 06:12
Advisen and PartnerRe released a white paper featuring the results of a comprehensive survey of the evolution of the cyber insurance marketplace. The 2016 Survey of Cyber Insurance Market Trends is intended to give insurance providers and brokers additional insight into the factors and...

Lloyd’s announces 2016 Innovation Award winners

28/10/2016 13:30
Today Lloyd’s announced the winners of its 2016 Innovation Awards. Beazley, Cromar, Hiscox and Tokio Marine Kiln each picked up awards for innovative products or new ways of working.   Aon won most innovative Lloyd’s broker, as voted for by Lloyd’s managing agents, while Beazley picked up its...

Lloyd's Market Innovation Awards: 2016 winners

28/10/2016 12:34
The Awards are a celebration of the unrivalled talent and expertise that exists in the Lloyd’s Insurance Market, showcasing the excellent work the market is doing every day to innovate in an ever-changing global risk landscape. Here are the winners and runners-up for the six...

MARSH: Continental European Cyber Risk Survey: 2016 Report

24/10/2016 14:55
    Marsh has united its knowledge and expertise on cyber to launch the second edition of a Continental European-wide study into organizations’ attitudes towards the threat cyber risks pose, processes in place to manage them, and overall understanding and use of cyber insurance as a...

How Hackers Make Money from DDoS Attacks

23/10/2016 22:11
Attacks like Friday’s are often financially motivated. Yesterday’s attack on the internet domain directory Dyn, which took major sites like Twitter and Paypal offline, was historic in scale. But the motivation for the attack may seem opaque, since no valuable information seems to...

Capgemini: blockchain-based smart contracts ‘mean big cost-savings’ for insurers and consumers

23/10/2016 09:30
The average consumer could save over $500 in insurance and banking fees because of new ‘smart contracts’ based on blockchain technology, says Capgemini. A report by Capgemini’s Digital Transformation Institute explains that ‘smart contracts’ work similarly to standard written contracts in...

Broker community remains “far behind” in cyber

22/10/2016 19:12
Global businesses spent more than $2 billion on cyber insurance in 2014 - an already impressive figure that could multiply by three to five times through 2020, according to estimates from insurance broker Marsh & McLennan. But the broker community is not particularly poised to take advantage of...

Lloyd's Market Innovation Awards Nominees

21/10/2016 06:19
  The Awards are a celebration of the unrivalled talent and expertise that exists in the Lloyd’s Insurance Market, showcasing the excellent work the market is doing every day to innovate in an ever-changing global risk landscape.   Here are the nominees for the six...

Report: 2016 Annual NetDiligence Cyber Claims Study

19/10/2016 11:02
The annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective. Our objective for this study is to help risk management professionals and insurance underwriters understand the true impact of...
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