Cyber
Beazley updates cyber policies
Insurer simplifies cyber policies and gives large organisations access to its in-house breach response team.
Insurance Hound: Most read by brokers in January and February 2019
Which topics have been sparking brokers’ interest?
Blog: Brokers need to seize the opportunities in cyber
Michael Whitfield from CPP UK discusses why brokers should be moving cyber risk up the agenda for their SME customers.
Ascent adds physical damage to cyber product
Product is backed by Munich Re and designed for businesses of all sizes.
Blog: How is the debate around cyber affecting clients?
Brokerbility’s Ashwin Mistry considers how the recent row about the quality of cyber products could be interpreted by customers.
Using technology to give mid-market clients a corporate insurance experience
Too large to benefit from government initiatives but too small to employ their own risk managers, mid-market businesses can inadvertently find themselves taking on unexpected levels of risk. As these businesses grow and face new and increasingly complex…
Chubb targets media industry
Insurer focuses on middle market and multinational clients.
PRA CEO letter warns action is needed on cyber
Regulator calls on providers to cover more ground on cyber in relation to risk management, risk appetite and strategy, and pledges to continue to keep cyber insurance underwriting risk under review.
Cyber experts dispute Mactavish report
Market “utterly perplexed” by report which accused some brokers of “scaremongering” to sell products and suggested some cover did not match the needs of companies.
#Insagepeople: 28 January - 3 February 2019
Stay up to date with the latest people moves.
“Mis-selling” warning issued on cyber
Consultancy Mactavish says cyber policies have “major flaws” and claims brokers and insurers use “scaremongering” tactics to make companies buy cover.
Biba reveals campaigning themes in 2019 manifesto
Document has 30 calls to action and 26 commitments.
CFC expands cyber product
Business interruption has been added along with cover for cybercrime.
Hiscox and Lloyd’s respond to 9/11 hacker reports
The providers confirm they have not suffered a cyber breach in relation to this incident and Hiscox says that the information was originally stolen from a US law firm last year.
CPP Group and DeCyber launch online security products for sports clubs
New solutions are provided in combination with cyber cover from Lloyd’s and are available for brokers to sell.
CFC warns of social engineering scams threat
Report highlighted that UK cyber policyholders were two and half times more likely to file a claim than those in the US.
Review of the year: June 2018
RSA and Aviva were the talk of the town amongst brokers in June as rumours swirled that Allianz was targeting a big UK acquisition. Swinton's sale also caught brokers attention along with hack day, which explored what brokers should do to stave off a…
Beazley launches cyber and data breach response portal in UK
It adds to its cyber proposition and is aimed at the broker channel.
Oak enhances household product to include cyber
The policy now covers losses from fraud, telephone hacking and ransom.
FCA reveals 138% increase in reported tech outages
Regulator highlights 18% are cyber-related.
QBE launches SME cyber cover
The product is available on Acturis and QBE’s FastFlow extranet.
Manchester critical of Simply Business’ cyber stance
Simply Business CEO previously slammed “poor” products when explaining why the firm does not sell the cover.
Podcast: The top five stories of the week
The Insurance Age team chat about the most popular stories of this week including potential deals and fines as well as "poor" cyber products.
Simply Business CEO slams “poor” cyber products
New UK CEO David Summers on Simply Business’ strategy, being owned by Travelers and why the broker doesn’t sell cyber insurance.