Most commercial insurers may only return to technical profitability by 2H21, Fitch Ratings says, assuming normal levels of catastrophe losses...
- Fitch Ratings / Article / 2 months ago
- www.fitchratings.com
Cyber
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U.S. Cyber Insurance Market Update (Recent Economic Disruption May Alter Growth and Loss Trends)
As businesses of all sizes become aware of the evolving nature of cyber threats, more organizations are choosing to include cyber insurance coverage in management efforts...
- Fitch Ratings / Article / 2 months ago
- www.fitchratings.com
US Regional Bank Mergers Aid Digital Buildout, Cyber Defenses
The desire for increased tech spending and access to high-growth markets have been catalysts for the recent wave of regional bank...
- Fitch Ratings / Article / 5 months ago
- www.fitchratings.com
Financial Institutions Face Growing Cyber Risk Ratings Pressure
As banks and non-bank financial institutions (NBFIs) embrace the evolving digitization of financial services and become more interconnected through tie-ups and partnerships, risk controls...
- Fitch Ratings / Article / 7 months ago
- www.fitchratings.com
Silent Cyber Assessment Key to Managing Evolving Insurance Risk
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...
- Fitch Ratings / Article / 7 months ago
- www.fitchratings.com
Quantum Computing a Potential Cyber Risk for US Insurance Cos
The anticipated evolution of quantum computers, estimated to run 100 million times faster than current technology, poses seemingly unlimited long-term benefits for...
- Fitch Ratings / Article / 8 months ago
- www.fitchratings.com
British Airways Fine Highlights Global Airline Cyber Risk
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...
- Fitch Ratings / Article / 12 months ago
- www.fitchratings.com
Cyber Insurance Growth Slows, Market Remains Untested
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 / Article / 1 year ago
- www.fitchratings.com
ESG Risks Limited For US Non-Life (Re)insurance 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...
- Fitch Ratings / Article / 1 year ago
- www.fitchratings.com
Data Breaches Highlight US Public Institutions' Cyber Risks
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...
- Fitch Ratings / Article / 1 year ago
- www.fitchratings.com