Concerns over claims aggregation, a proliferation of ransomware claims and a narrowing of the appetite for broader management liability risks among major carriers have begun to reverse years of widening cover and falling premium rates in the cyber market...
In Full: ‘Record’ year for cyber claims points to crime exposures
The cyber claims experience in 2016 suggests the line of business behaves far more like a crime product than a liability product in terms of losses, panellists said at the Advisen cyber conference in London...
In Full: New York cybersecurity rule deemed excessive by industry
Insurers have raised objections to proposed New York state cybersecurity regulations, claiming the planned rules are too onerous and inflexible. The New York Insurance Association (NYIA) has called for the state Department of...
In Full: High-profile losses spur double-digit US cyber rate increases
US cyber insurance business has seen double-digit rate increases at the latest renewal, as the market responds to recent large losses and a surge in demand for cover, according to new figures from Marsh...