Cyber

Hard reinsurance market to remain for ‘at least’ two more years: AM Best

August 27 2024

AM Best forecasts reinsurance hard market will persist due to climate risk, higher interest rates, and increased risk complexity.

howden-estimates-insurance-losses-for-crowdstrike-cyber-event-at-up-to-us1bn

Howden estimates up to US$1bn in insurance losses for CrowdStrike global IT outage event

August 23 2024

Insurance losses triple previous record NotPetya event, but segment is still on track to achieve a sub-100% combined ratio in 2024.

High loss multiples highlight investor’s ‘persistent’ cyber cat bond uncertainty

August 22 2024

Loss multiples on cyber cat ILS are as much as three times higher than those found in similar nat cat linked securities.

igloo-looking-to-parametric-and-personal-cyber-to-fuel-southeast-asia-insurance-growth

Igloo looks to innovative solutions like parametric and personal cyber to fuel Southeast Asia insurance growth

August 16 2024

The insurtech is betting on technology to upend markets in the region.

CrowdStrike outage a chance for cyber insurance sector to ‘show its worth’

August 6 2024

The global IT failure was the result of a hamfisted software update which shows that cyber risk is more than just 'a guy in a hoodie’, says Emergence CEO Troy Filipcevic.

Guy Carpenter estimates up to US$1bn in economic losses from CrowdStrike event

August 5 2024

Event demonstrates importance of addressing both frequent mid-size and systemic risks in cyber insurance, says Guy Carp.

few-reinsurers-willing-to-underwrite-asia-pac-cyber-risk

Reinsurers' reluctance to underwrite Asia Pac cyber risk is limiting market growth

August 1 2024

Few global reinsurers ‘willing’ to underwrite Asia Pac cyber risk, says Greg Carter of AM Best.

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.

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