Cyber

Panellists at Advisen conference in New York said barriers to entry still exist for SMEs in the cyber market.

There seems to be consensus among reinsurers and their broker partners that the industry must be leaner if it is to survive. Technology can certainly play a major part in that ambition.

Cyber market protagonists discuss the existential questions around the extent to which underwriters should rely on data and technology to price risk.

Regulatory change and worries about business continuity losses propelled a 10-point increase last year in the proportion of companies buying cyber insurance.

The group also said it expects to almost double HDI Specialty size by 2022.

AIR will roll out the new cyber risk model on 31 October.

Azur’s technology platform is also being used to underwrite commercial insurance in the US.

No-one writing non-life insurance can avoid cyber exposure by doing nothing, says Munich Re's Doris Höpke.

Vision Fund spells out the strategy for the investment advisory firm.

Marine and aviation cyber are among lines seen as attractive growth engines.

The investment round was led by Breega Capital.

The cyber MGA plans further appointments and product announcements as it looks to deploy capital provided by private equity firm Preservation Capital Partners.