Cyber
Cyber remains a major opportunity for global specialty re/insurers with premiums rocketing in recent years. Awareness of the risks posed by cyber is also rising, with companies taking action to ensure ‘silent’ cyber is not present within business written across several other classes of business. While several re/insurers are actively growing their position in the cyber market, this class has yet to be tested by a major catastrophic loss event. Understanding the risk potential of cyber exposures is vital as the market continues to grow.
QBE warns of ‘urgent’ need to moderate exposure to cloud computing
Speed of adoption of cloud technologies is increasing exposure to cloud outage risks and cyber attacks
Firms underprepared for cyber risk
WTW survey finds many corporates do not test incident plans or consider third-party risk enough
Wide demand for generative AI insurance, Geneva Association survey finds
But insurance association’s survey finds insurers may struggle to underwrite risks associated with generative AI
Zurich calls for national cyber security indices
National-level cyber security metrics would support the development of cyber defences and reduce the cyber protection gap, paper argues
One in four businesses not managing AI risk: Moody’s
Many businesses have no policies in place restricting the use of internal data with public AI tools, survey finds
CyberCube raises $180m from new investor
Spectrum Equity will join existing investors ForgePoint Capital, Hudson Structured Capital Management and MTech Capital, as a cornerstone institutional investor
How insurers are grappling with silent AI
Brokers are pushing for affirmative cover for artificial intelligence-related risks, while some insurers are seeking broad exclusions, DAC Beachcroft’s Jonathan Hopkins says
Geopolitical volatility enters top 10 global risks for first time
Executives increasingly view trade tensions and shifting alliances as critical threats, with most businesses still underprepared to manage the fallout, Aon survey finds
Cyber insurers sharpen focus on systemic risks
Insurers are pushing to improve cover for third party exposures, but recent attacks have demonstrated the importance of managing supply chain risk
Cyber insurers urged to target exposure growth as market reaches ‘inflection point’
Exposure must grow 15% annually for insurers to meet premium targets, with new business crucial, Howden warns
Ransomware drives 60% of large cyber losses: Allianz
Allianz Commercial report finds ransomware was responsible for the bulk of large cyber claims in the first half of 2025
Airport cyber attacks highlight growing supply chain risk
Third-party breaches are becoming an increasingly prevalent source of loss for companies
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