Launched in 1999, Artemis is the longest running media source providing news, analysis & data on the catastrophe bond, insurance linked security, non-traditional reinsurance capital and associated risk transfer markets.

‘Silent’ cyber loss a growing threat that requires attention: PRA

The Bank of England’s (BoE) Prudential Regulation Authority (PRA), in a recent consultation paper, has explored the potential underwriting risks derived from cyber attacks, stressing that more needs to be done by re/insurers to manage the increasing threat of ‘silent’ cyber losses. The PRA’s work focuses on both affirmative and ‘silent’ cyber losses, with the latter referring to other types of liability insurance products that fail to explicitly exclude cyber risks...