“We’re Still One Big Systemic Event Away”: A Conversation with Willis’ Peter Foster

WTW Logo in article with Peter Foster on Cyber Insurance Market.

The Biggest Threat: Concentrated Vendor Risk Peter Foster does not hesitate. “The third-party risk is the systemic risk that most underwriters worry about,” he says. “If you compromise 100 to 1,000 companies at a single point of failure, that’s the future risk that’s also here and now.” Foster, Chairman of Willis’ Global FINEX Cyber Solutions, … Read more

AI Risk Insurance: Ransomware Redux or Industry Reinforcement Learning?

I Risk insurance illustration showing an umbrella labeled insurance protecting servers, laptops, and AI technology, symbolizing risk transfer and coverage clarity.

AI Risk Insurance: Can Cyber and Tech E&O Policies Keep Up with Autonomous Agents? If you were a Replit customer and its AI agents mistakenly wiped your entire production database containing 1K+ companies and execs data, would you expect your cyber policy to cover the resulting lost revenue (BI & CBI) and costs to restore … Read more

Cyber Insurance 2025: Coverage Gaps Erode Confidence, But Fixes Are Clear

cyber insurance banner showing a glowing globe wrapped by security and finance icons, illustrating worldwide digital risk coverage.

The Executive Summary of Arctic Wolf’s 2025 Cyber Insurance Outlook begins with an increasingly common yet no less ominous warning: “The risk of cyber attacks is no longer theoretical; it is a daily operational concern.” The Core Problem: Protection Promised, Protection Denied Many buyers expect broad protection. Claims data tells a tighter story. Only 12% … Read more

Cyber Insurance Market 2025: Prices Ease, Capacity Expands, Risks Intensify

The Risk Placement Service (RPS) 2025 Cyber Market Outlook reads like a dashboard for the Cyber Insurance Market. Prices cool, capacity swells, and systemic exposures intensify. Vendors sit at the blast radius as incidents cascade across customers. AI accelerates crime and complicates coverage. Steve Robinson, RPS National Cyber Practice Leader, sets the stakes and the … Read more

Cyber Insurance in 2025: Costs, Claims, and a New(ish) Playbook

NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more

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