Ransomware-hit SSP under broker fire amid latest issues

Cyber

SSP has been told it must improve service after the latest attack caused Axa to cut off its personal lines to brokers.

The broker reaction comes as a website is claiming SSP has until December 12 to respond to cyber hackers and pay $7m, or face hacked files being published.

Problems for SSP began after it was hit by a cyber security breach last week from the Lockbit ransomware group.

Following the cyber attack on November 25, Axa told brokers that it had cut off insurer-hosted pricing and electronic data interchange on personal lines services with SSP. The services resumed on Friday last week.

Although SSP’s

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Polaris at 30 – Jackie Childs

In the concluding instalment of Polaris at 30, senior business analyst at the insurance industry-owned organisation Jackie Childs rounds up the progress on digital trading moving from monthly personal lines updates sent out on floppy discs to the new era of risk and rating dexterity that can only be supported electronically.

Polaris at 30 – Phil Bayles

In the final day of the Polaris at 30 Q&A series Ardonagh’s Phil Bayles assesses the development of digital trading from slow, cumbersome and inflexible systems to becoming mainstream.

Polaris at 30 – Derek Cowie

Derek Cowie started working at General Accident (now Aviva) in 1992. Polaris was founded in 1994 launching digital trading platform imarket in 2004.

Polaris at 30 – Theo Duchen

Acturis Group co-CEO Theo Duchen delivers the third Q&A of the Polaris at 30 series and details the collective goal that would put “the UK light years ahead of any other market”.

Polaris at 30 – Stuart Reid

In the second Q&A instalment of the Polaris at 30 series, chair of Partners& Stuart Reid shares memories of the industry moving from paper rating guides to digital trading and his view on the “plainly daft” frustration in e-trading today.

Polaris at 30 – Ray Vincent

As insurance industry owned Polaris celebrates its 30th birthday, Insurance Age asks experts for their recollections on the dawn of digital trading and what is coming next.

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