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New Cyber Product Targets Gaps Left by War Exclusions Markel Insurance introduced a cyber insurance product that offers coverage for indirect losses caused by acts of war. The product provides…
Read More “Cyber Insurance War Exclusions: Markel Introduces $5M War Cover for Collateral Losses” »
Cyber insurance professionals well remember the market shake up and debate a year ago when Lloyd’s Market Association announced model cyber war clauses. As we reported, the announcement led to…
We’ve reported extensively on the insurance industry’s fear of “cyber war;” debate over exclusions for state-backed, systemic cyber attacks; moves by governments to backstop the cyber insurance industry for massive…
Read More “Fears of Massive Cyber War Losses are Overblown: Catastrophic Risk Expert” »
As in the US, the discussion turns on the threat of a catastrophic “systemic” cyber attack, which could generate $3.5 trillion in “global economic damage” according to a recent model…
Read More “Brits Debate Government Backstop to Cyber Insurance Industry” »
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk…
Read More “Cyber Insurance Market is Unsustainable: KYND Survey” »
The risk analytics provider to the cyber insurance industry warns about scenarios that could impact the already confused world of cyber war risk and exclusions. Its new report — “CyberCube’s…
Read More “Cyber Insurance Industry to be Tested This Year by Cyber War Exclusions: CyberCube” »