Insurers are divided between those that see cyber as an exceptional line of business and those who think it can be modelled like other insurable perils. The industry could be one major systemic loss event from finding out which view is correct
Lloyd's Market Association's cyber war wording is dividing opinion on its potential benefit to Bermuda carriers
High prices, low limits and inflexible terms, rather than a lack of awareness of the threat, are reasons why maritime businesses are reluctant to buy cyber cover, risk consultants say. Can the insurance industry respond?
Mandatory wordings seek to bring clarity to contracts over what is and is not covered; but while there is consensus that exclusions are necessary, there is disagreement over how they are best achieved
Capacity from London, Miami and Madrid is being made available to the region, as international companies start to see the segment’s growth potential
Investors and carriers are dipping their toes into cyber insurance-linked securities, but the market is still a long way from raising a substantial amount of capital through these structures
All set! This article has been sent to email@example.com.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.