Driverless cars, smart lightbulbs, smart thermostats and data are all hackable. Brokers have a key role to play in protecting customers against this type of cyber risk, writes Rachel Gordon
As businesses realise the importance of cyber insurance and more products become available, it is an ideal time for brokers to start offering the cover, explains Rachel Gordon
Thomas Miller Speciality Cyber Risk Insurance
The cyber and data protection product is available to brokers nationwide.
The organisation says it has put together an expert team in the tech, telecoms, energy and media sectors.
Product protects against threats as diverse as terrorism, bribery, extortion and industrial espionage.
Total written premium for cyber insurance globally today is estimated at £2bn.
MGA partners with insurer HDI following the arrival of its new offshore marine and energy team.
Product covers risks up to €50m [£42.4m], says the industrial lines insurer.
Catch up on news from our Digital Broker event in Bristol.
Cover includes theft of money, fraud and reputational damage.
Brokers have a vital role to play in spreading the word about the importance of cyber cover for businesses of all sizes, explains Steve Williams
DAC Beachcroft warns brokers not to focus on Brexit only at the expense of other challenges.
The Allianz UK business has recorded an improved profit and combined operating ratio for the first half of 2016, when compared to the same period last year.
Alastair Murray, director at The Bureau, talks top five key technical controls which can reduce cyber-attacks.
Group chief underwriting officer Richard Watson says that insurer hopes to continue to grow alongside broker partners as it develops cyber and SME offering.
Cyber Recovery product launched to help SME clients with £5m or less turnover.
Ascent Underwriting has unveiled an enhanced cyber risk protection product for UK brokers’ commercial clients.
Group also unveils two new products, Cyber Risk Cover and Kidnap & Ransom.
Cover will be embedded in its commercial combined and package products.
NIG Cyber Cover. This product has been reviewed by brokers and rated from one to five stars, based on the policy’s key benefits. * = Poor ** = Average *** = Good **** = Very good ***** = Excellent
Alexandra Foster, head of insurance and strategy, global banking and financial markets, BT, explains why cyber is a huge opportunity.
Director general calls for reporting of cyber attacks to be “mandatory” in order to build up data.
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