Product Hub: Cyber

Welcome to Insurance Age’s Cyber Product Hub. This page hosts all of our cyber product news and insight to help the market keep abreast of latest developments and to boost their business development strategies.

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Product overview: Cyber

The dotcom boom of the late 1990s shifted everything from banking to shopping online. But, with criminals recognising that there’s money to be made from our online activities, it also saw the birth of the first cyber insurance policies.

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Broker satisfaction survey

In 2021 Insurance Age undertook its largest ever survey of UK brokers in order to assess the quality of insurer service across the market.

The Broker Satisfaction Survey covers 11 business lines in total and accessed more than 7,000 data points, making it one of the biggest surveys in the broker community.

The results are spread across five articles which rank insurers and highlight the best providers in the business.

The five pieces show the top ten providers in the major commercial space, across small commercial and niche players, and we also take a deep dive into the high net worth sector and commercial property markets.

The results are exclusively available to Insurance Age subscribers.

 

Rankings: Cyber

Bronze: NMU

Silver: Travelers

Gold: CFC Underwriting

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Burns and Wilcox eyes £60m-£65m in GWP

The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.

Ardonagh buys Alice Castle

Ardonagh Advisory has agreed to buy professional indemnity and cyber insurance specialists Alice Castle, Insurance Age can reveal.

Property pricing up 9% in Q1

Insurance pricing in the UK increased by 20% in the first quarter of the year but this was down on the 22% rise in Q4 2021, according to the latest research by Marsh.

Meet the MGA: Arc Legal

Peter Harvey, deputy chief executive of Arc Legal, tell Insurance Age about the bespoke products the MGA offers brokers and how 2022 might shape up for the market

Biba calls for IPT relief in 2022

The trade association has asked government to reduce IPT to 10% in areas such as property, telematics, and cyber as it also pleads for a simplification of insurance tax in the travel sector.

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