May 2, 2019 Should Zurich fail to prove any of the points in this article, NotPetya could be, in the court’s eyes, an act of criminality, or even of terrorism.
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
May 2, 2019 In 2017, companies worldwide, from Ukrainian banks to Danish shipping conglomerate Maersk to US companies Merck and Mondelēz, were crippled by a malware attack targeting every existing
April 4, 2019 As discussed in a previous newsletter analyzing the current cybersecurity landscape, the National Association of Insurance Commissioners (NAIC) established its own standards, known as the NAIC Insurance
April 4, 2019 Global insurance broker Marsh recently announced its partnership with insurers active in the cyber insurance market, including Allianz, AXA XL, Beazley, Zurich and others. Marsh’s evaluation program
March 7, 2019 Michael Fitzpatrick, contributing editor at Leader’s Edge, sat down with Patrick Costello, a principal at Evolve MGA, to discuss how Evolve MGA is approaching the problem of
March 7, 2019 Legal use does not always equate to ethical use. Lots of things happened in 2018 that focused our attention on privacy. Facebook got everyone’s attention in March
March 7, 2019 The California Consumer Privacy Protection Act (CCPA), passed last year in California with strong bipartisan agreement, was a watershed moment in US cyber regulation. Following the example
March 7, 2019 CB Insights and Willis Towers Watson released their Quarterly Insurtech Briefing for Q4 2018 in February. This quarter’s industry theme discussed how industry incumbents can leverage emerging
Financial Technology (FT) Partners, an investment bank focused on fintech and insurtech, released a compilation of interviews with CEOs of innovator insurtech firms. From enablers (companies that attack specific pain
CB Insights and Willis Towers Watson released their quarterly insurtech briefing for Q4 2018 earlier this month. This quarter’s industry theme was about how incumbents in the insurance industry can