News

Is Cyber Insurance Worth It? ABI Reveals 99% of 2018 Claims Were Paid

The Association of British Insurers has, for the first time, revealed that 99% of claims made (207) on ABI-member cyber insurance policies in 2018 were paid. This is one of the highest claims acceptance rates […]

InsureTech

Cyber News: Intelligence Network Aims to Combat Online Fraud & Hacking

The Intelligence Network, a coalition of 1,500 global members from academia and industry, has unveiled its vision to tackle the growing issue of cyber fraud. The vision follows an intensive six month research programme, collating […]

Opinion

Opinion: Three Tactics for Tackling Insider Cyber Threats

In this piece, Mark Rayner, Head of Financial Services Consulting at BAE Systems offers some useful advice for those in the insurance industry, and the wider workplace, on the tricky matter of data breaches and […]

Artificial Intelligence

Opinion: Data Breaches Are a High Risk Area For The Insurance Sector

This Opinion piece looks at how data breaches can cause serious problems within the insurance industry; from GDPR fines, fighting fraudsters, maintaining customer trust, employee problems and much more. Between a Breach and Hard Place […]

Global insurance trends

Beazley Warns on New Online Blackmail Phishing Scam

A new form of online blackmail by cyber criminals who attempt to extort crypto-currency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of […]

UK Insurance Trends

G&M International Launch Cyber Insurance Offer

London based insurance broker G&M International have announced the launch of their new Cyber Insurance solution. Over the last couple of years there’s been an enormous surge in cybercrime activity both in the UK and […]

Underwriting transformation

Liberty Speciality Appoints Cyber Underwriter in Zurich

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Roland Heinesch as cyber underwriter in its Zurich office. Reporting to Switzerland general manager Felix Böni, he will be responsible for the development of the cyber […]

Insurance Brokers

Brokers Often Choosing Inadequate Cyber Insurance Protection

New research from Cyber|Decider (www.cyberdecider.com), the cyber insurance comparator, shows that broker’s own cyber insurance fails to cover many of the common threats – leaving them with costly bills should they fall victim to hackers: […]