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Tougher regulations are increasing the likelihood of expensive class actions, panelists at a cyber risk conference said.
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US cyber premiums grew approximately 10 percent to $2bn in 2018, down from 30 percent in the two previous years. -
The proposed exclusion comes as the market deals with the fallout of the Ethiopian Airlines 737 Max crash.
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The wordings come as carriers face a June deadline to deliver silent cyber action plans to the PRA.
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The product requires only an insured’s web address to price cyber cover.
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Director James Dalton calls on the UK’s ICO to share anonymised information with insurers.
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EC3 execs described low-to-mid single-digit increases on average, with aviation, property D&F and PI rates pushing higher.
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“Distressed” D&O market pushes for correction as professional indemnity notches up double-digit rate increases.
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AIG is the lead insurer of the aluminium manufacturer’s cyber policy.
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High-revenue markets like cyber, intellectual property, and data and analytics are in the broker’s sights.
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Drawing distinctions between types of risk is at the core of the value (re)insurance provides.
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A senior executive at the digital wallet service calls for greater insurer participation in the crypto market.
