October 26, 2015
PivotPoint Risk Analytics has launched a new company and its flagship product CyVaR, which quantifies cyber value-at-risk and gives chief information security officers (CISOs) and business leaders a common language in making cyber investment decisions and reducing cyber risk. Spun …
October 13, 2015
CAMICO, a nationwide CPA-directed program of insurance and risk management for the accounting profession, has announced CyberCPA to further protect CPA firms from losses caused by a variety of cyber risk exposures. CyberCPA provides first-party coverage for expenses incurred by …
October 6, 2015
It’s a tough time for reinsurers — “pricing is soft, regulators continue to raise the bar, capital is at record highs, competition is increasing, and reinsurers are constantly looking for ways to remain relevant to cedants’ changing demands for protection,” …
October 5, 2015
The cyber risk insurance market is experiencing rapid development, with the size of global gross written premiums growing from US$850 million in 2012 to an estimated US$2.5 billion in 2014, according to a new report by London-based business intelligence company, …
October 2, 2015
Small and medium-sized enterprises (SMEs) around the world are increasingly concerned about the impact of competition on margins and lack of consumer demand, according to Zurich Insurance Group’s third annual global SME survey. The survey* polled 3000 C-suite executives and …
September 30, 2015
ACE Group has launched a new coverage component for the ACE Express package policy specifically designed to protect private and not-for-profit organizations. The updated package policy enables insureds to purchase privacy and network liability coverage in a single policy with …
September 21, 2015
Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy, reputation and brand, micro insurance, corporate liability covers, terrorism …
September 18, 2015
The German car giant that gave the world the Beetle may soon help you fend off cyber criminals. Volkswagen AG teamed with insurer Allianz SE, medical company Bayer AG and chemicals producer BASF SE to sell information-technology security services to …
September 18, 2015
A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses. Banks, utilities and media groups are the new customers of defense …
September 16, 2015
A report published by Guy Carpenter & Co., released Sept. 2015, identified four key areas of emerging risk for re/insurers: cyber risk, technology risk, casualty catastrophe and reserving, and life, health and longevity risk. In the report, titled “A Clearer …