January 10, 2019 The 2018 Information Security and Cyber Risk Management survey paper provides a look at trends in corporate attitudes and strategies around cyber risk. In this most recent
The latest in cyber security and risk news.
January 10, 2019 At the tail end of 2018, the New York Department of Financial Services (NYDFS) provided an important piece of clarification on its Cybersecurity Rule. In email notifications that
December 20, 2018 Earlier this fall in Monte Carlo, insurance, reinsurance and insurance-linked securities (ILS) market executives met for the third Reinsurance Rendezvous Roundtable. The goal was to discuss the
December 20, 2018 The unpredictability of cyber threats was highlighted in a recent Q&A by the American Institute of Certified Public Accountants (AICPA), where they sought to explore cyber risk
November 29, 2018 Dovetailing with the discussion of the dangers of data breaches, a federal court in Florida recently ruled that data breach losses are not covered under standard Commercial
November 29, 2018 Earlier this month, research firm CB Insights released a report that detailed the rise in cybercrime over the past two years and the simultaneous increase in interest
September 11, 2018 Analyzing the Cybersecurity Landscape This month, The Council compared five recent major regulatory changes in the cybersecurity space: EU’s landmark General Data Protection Regulation (GDPR); the New
The Council of Insurance Agents & Brokers released its sixth biannual Cyber Market Watch Survey this week. Results were consistent with responses from the first and second halves of 2017: cyber insurance take-up rate remained low at 32 percent, and 89 percent of respondents saw premium pricing stay flat or decrease over the past six months. Respondents also agreed that market capacity was plentiful, and some even noted an increase in capacity due to an influx of insurers moving into the cyber market space.
There are a fair number of emerging tech-focused MGA’s supplementing traditional underwriting practices with real-time analytics and using tech-focused approaches for risk management.
Publicly traded U.S. broker firms are focusing more of their attention to cybersecurity & cyber insurance, as mentions of “cyber” in earnings calls increased in 2017.