Blog
Welcome to the world of short term insurance
Ransomware is a business resilience issue, not an IT problem
Ransomware has increased exponentially over the course of the last few years, and this trajectory is set to continue. Data breaches and other security events pose significant risks to businesses because lost data represents not only lost business, but also compliance...
Top cybersecurity predictions for the years ahead
Executive performance evaluations will be increasingly linked to ability to manage cyber risk; almost one-third of nations will regulate ransomware response within the next three years; and security platform consolidation will help organisations thrive in hostile...
The role of human error in cybersecurity breach
According to a study by IBM, 95% of cyber security breaches result from human error. Even though humans make mistakes, this mistake is so overwhelming in cybersecurity that 19 out of 20 cyber breaches result from human error. Another report indicated that human error...
Lloyd’s Insurers Must Exclude State-Backed Cyber-Attacks to Avoid Systemic Risks
Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies, according to a Lloyd’s market bulletin issued this week. The exclusion would include liability for losses arising from both war- and non-war-related state-backed...
Climate Change, Insurance Change
hange is the constant companion of the global insurance market. While geared for risk-mitigation, the omnipresent threat of the unanticipated catastrophe due to climate change demands a shift in the insurance outlook to account for its place in a world with a new set...