Tag Archives: Cyber insurance

Claims against directors for failure to insure against cyber risk are more likely now

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You would have thought it would be a good idea to have a complete answer to a data breach claim. Not so. That was the surprising (to some) outcome of a recent Court of Appeal decision claim in a case … Continue reading →

Silent cyber risk: Insurers must try harder

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Remember this? “The PRA expects that all Solvency II firms robustly assess and actively manage their insurance products with specific consideration to non-affirmative cyber risk exposures. This includes all property and casualty (P&C) covers which could give rise to cyber … Continue reading →

5 cyber insurance trends to watch in 2019

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What will cyber insurance buyers face in the coming year? Here’s a snapshot of the top five trends to watch, based in part on our 2019 Insurance Marketplace Realities Report: Cyber risk. 1. Pricing will remain stable, and capacity will … Continue reading →

GDPR requirements for breach notification: Are you prepared?

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Just how are companies responding to Article 33 of the Global Data Protection Regulation (GDPR), requiring 72-hour notice of a data breach to EU supervisory authorities? And how are the EU data protection authorities viewing compliance? “The loss of personal … Continue reading →

Should banks require commercial lending customers to have cyberinsurance?

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In light of increasingly prevalent and highly publicized data breaches, the Federal Financial Institutions Examination Council (FFIEC) recommends that banks require commercial lending customers have cyberinsurance to supplement existing risk management programs. The FFIEC’s statement isn’t a regulatory expectation, but … Continue reading →

The risks and challenges of silent cyberinsurance

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You hear a lot about cyberinsurance these days and the need for it, and judging by how busy my cyber colleagues are, there’s no sign of an end to demand any time soon. Less is heard though about the so-called … Continue reading →

Cyber risk mitigation: Best practices for Mutual Fund Directors

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Cybersecurity continues to be one of the top risk management issues facing mutual fund boards today, with continued scrutiny coming from regulators and investors alike. Potentially facing financial loss and reputational harm from growing threats, stakeholders are taking an even … Continue reading →

Protecting your company from a cybersecurity Meltdown (or Spectre)

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The latest threat to cybersecurity isn’t a new form of ransomware — it’s a pair of hardware bugs that have the ability to impact virtually any device that has a chip in it – including servers, desktops and mobile devices. … Continue reading →

2018’s most dangerous risks for insurers

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One definition of insanity is “doing the same thing and expecting a different outcome.” Well, we asked insurers the same question in December 2017 that we asked in December 2016: What are the most dangerous risks to your company in … Continue reading →

5 cyber insurance trends to watch for in 2018

man with id lanyard in server room looking at a tablet

What will cyber insurance buyers face in the coming year? Here’s a snapshot of the top five trends buyers can expect, based on findings from our 2018 Marketplace Realities Report: Cyber risk. 1. Total annual cyber premiums will continue to … Continue reading →