Cyber
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.
Ensurance to offer cyber cover to UK construction sector
The specialist MGA has teamed up with Beazley and the product will be available to its brokers.
CFC: Industry is failing firms on cyber
Graeme Newman chats about cyber insurance, the benefits of being an MGA and the firm's strategy following its recent management buyout.
Cyber cover for brokers not up to scratch
Cyber Decider warns that many popular cyber policies used by brokers do not cover common cyber security problems.
Zurich launches fresh cyber policy
Product includes GDPR wording and covers reputational damage.
Podcast: Allianz’s Sarah Mallaby gives her view on five stories from the week
Mallaby discusses Marsh’s takeover of JLT, cyber issues in the market and insurance fraud.
RSA launches cyber product for large businesses
Product covers up to £25m in capacity, assistance with cyber risk management and a 24-hour incident response service.
Brokers have "heads in the sand" around succession, says Aviva's Bayles
Research from Aviva shows 9% of brokers are expected to leave the industry in the next year but only 13% of brokers have planned for their retirement.
A look at Insurance Hound’s most read by brokers in June and July 2018
Which topics were grabbing attention over the summer?