Cyber

Insurers expect CrowdStrike incident to lead to price recalibration

July 29 2024

At an AM Best panel, industry experts highlight importance of understanding technology dependencies and supply chain risks in cyber insurance.

allianz-commercial-names-karlis-trops-head-of-cyber-amp-tech-pi-asia

Allianz Commercial names Karlis Trops Head of Cyber & Tech PI, Asia

July 26 2024

Trops joins after four years with AIG Singapore.

CyberCube estimates CrowdStrike cyber insurance losses at between US$400m and US$1.5bn

July 26 2024

Event could be the most significant single insured loss in 20-year cyber insurance history, but does not match extreme scenarios modelled by insurers, says CyberCube.

financial-line-rates-in-asia-fall-9-in-q2-2024-marsh-reports

Asia's financial lines rates drop 9% in Q2, commercial rates decline 3% overall

July 24 2024

New data from Marsh shows a second quarter of falling commercial composite rates, with global rates stalling for the first time since Q3 2017.

q2-2024-sees-12-drop-in-pacific-financial-lines-rates-marsh

Pacific financial lines rates drop 12% in Q2 2024: Marsh

July 24 2024

Financial lines fell for the fifth consecutive quarter, with commercial property rates declining for the first time since Q4 2016.

Aon: CrowdStrike outage shines spotlight on insurers' cyber policy wording

July 24 2024

There is a wide variation in how cyber insurers deal with non-malicious outages like CrowdStrike and as a result making loss estimates for the software failure is difficult.

fitch-pegs-crowdstrike-insurance-losses-in-mid-to-high-single-digit-billions

Fitch pegs CrowdStrike insurance losses in mid-to-high single-digit billion dollar range

July 23 2024

Incident unlikely to have a significant impact on global (re)insurers' results and claims should fall within primary carriers' retentions, says Fitch.