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Property and Casualty (P/C) insurers are gradually gaining sophistication in measuring risk aggregations and modeling potential losses from catastrophic cyber events, but efficacy of this...
The anticipated evolution of quantum computers, estimated to run 100 million times faster than current technology, poses seemingly unlimited long-term benefits for...
The UK's Information Commissioner's Office (ICO) proposed fine of GBP183.39 million on British Airways (BA; BBB-/Positive) for customer data theft following the...
The cyber insurance market remains a source of growth for U.S. property/casualty insurers; however, that growth is slowing, according to Fitch Ratings...
Fitch Ratings' assessment of Environmental, Social and Governance (ESG) risks for the US non-life insurance and reinsurance sector reveals a very low direct impact on ratings...
The recently reported data breach at San Diego Unified School District, affecting the personal data of as many as 500,000 students, underscores the heightened threat of cyberattacks that educational...
Kevin Duignan, Global Head of Financial Institutions, joins The Wall Street Journal’s Paul Vigna at Fitch’s Global Banking Conference in New York, for a fireside chat on cyber risk and cryptocurrencies...
Fueled by increasing cyber-attacks and regulatory requirements, cyber insurance coverage continues to be one of the fastest growing segments and represents a significant growth opportunity for U.S. property/casualty (P/C) insurers...
In response to the sharp increase in data breaches in recent years, property/casualty insurers' efforts to offer cyber risk coverage for their policyholders have advanced significantly, and insurers' cyber risk offerings are likely to expand further in 2018, Fitch Ratings says...
The influence of cyber risk on insurer ratings is likely to be gradual, Fitch Ratings said at its conference on cyber insurance last week in New York. Cyber insurance represents a relatively small percentage of insurers' business and insurers are taking a cautious approach to growing coverage...
