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According to S&P’s Cyber Risk Insights: Cyber Catastrophe Bonds Offer Greater Scope for Risk Mitigation, the cyber ILS market is poised for significant expansion. With rising demand for cyber insurance,…
Read More “Cyber Catastrophe Bonds Poised for Growth Amid Rising Demand, Says S&P” »
Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says…
Read More “Cyber Insurance-Linked Securities (ILS) Have Large Growth Potential: Fitch” »
We’ve discussed other findings from the recent Bermuda Monetary Authority (BMA) report, but we’re also struck by the increase in cyber insurance captives and cyber ILS vehicles documented by the…
Cyber cat bonds issued over the last year are trading above par, “(a)n indication that these bonds are sought after in the secondary market and have not seen spread widening,…
Read More “Cyber Cat Bonds Hold Up in Secondary Market; More Expected” »
Interesting tidbit in CyberCube yearly report: “All cyber cat bonds issued in 2023 utilized CyberCube’s model, marking an expansion into CyberCube serving the financial sector.” ILS growth in cyber liability…
The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity…
Read More “Beazley Closes $140 Million Cyber CAT Bond; Good Sign for Cyber ILS Market” »
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” »
We’ve reported extensively on the challenges of the cyber insurance industry in modeling systemic risk and the related accumulation risk (insurance risk of multiple, unanticipated claims from the same or…
Read More “You’re Measuring Systemic Risk all Wrong, InsuranceERM Tells Cyber Insurance Industry” »
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for…
The Index has been established by PERILS, the Swiss-based provider of catastrophe insurance data, and CyberAcuView, an organization set up by cyber insurers. The Index will include primary losses from…
Read More “New Cyber Loss Index Tracks Systemic Incidents Impacting the Cyber Insurance Industry” »