April 22, 2020 Business interruption and workers compensation policies aren’t the only coverages policyholders may have to lean on: cyber insurance will also be essential during the pandemic. Widespread closure
Every business that maintains electronic data or systems is at risk of a cyberattack or data breach, which could significantly cripple business operations and reputation. In a highly digitalized world, cyber-risk mitigation is becoming increasingly critical.
Insuring cyber risk is a relatively new peril, lacking historical data on both the likelihood and cost of an event needed to underwrite and price coverage. Much uncertainty exists around how to create the best product for cyber defense.
In the face of increasing buyer demand and highly publicized cyber breaches, the insurance industry is focused on educating clients, addressing capacity and pricing issues, and responding quickly to keep pace with a constantly evolving threat.
All Cyber Items
January 29, 2020 Experts from over 100 countries have identified “cyber incidents” as the most important business risk globally, as well as the most important business risk in the U.S.,
As the decade comes to a close, we’re reflecting on the top Emerging Trends from 2019 — From Cyber to Insurtech to the PC Market and Regulation.
Panel discussion offers timely advice on cyber risk landscape and cyber risk assessment.
Our Q&A with Erik Mitisek, President of Highwing
Cyber coverage remained competitive over the last six months, according to The Council’s most recent Cyber Market Watch Survey
August 6, 2019 In 2018, the EU’s General Data Protection Regulation (GDPR) loomed over the insurance industry, triggering a rush of compliance efforts from firms either headquartered in Europe or
August 6, 2019 On July 29, bank and credit card company Capital One announced the discovery of a data breach affecting approximately 100 million customers in the United States and
Lloyd’s of London, the specialist insurance and reinsurance market, is taking steps to mitigate silent cyber.
A report from ratings agency A.M. Best, which revealed that “cyber claims growth greatly exceeded in-force policy growth in 2018.”