News

Insurance

Regulation proves more hindrance than a help for developing the cyber market

Regulation is proving a mixed blessing for the cyber insurance industry as it seeks to develop new products and grow scale. It promises a standardisation that it doesn’t always deliver. That was the message from a panel on the first day of Intelligent Insurer’s Cyber Risk and Insurance Innovation USA conference, taking place in Chicago.   29 May 2024

Insurance

SRG races into motorsports with Allianz/AXA/Travelers pedigree

Its MGA has hired Allianz’s business head for international motorsport.   29 May 2024

Insurance

Going their own way: Insurers warned they must not rely solely on modellers

Closing the insurance gap is a critical challenge for cyber coverage, says Brittany Baker, VP of solution consulting for modelling specialist CyberCube.   29 May 2024

Risk Management

Broadening the market

Ransomware and regulation continue to see the cyber risk evolve, Jacob Ingerslev told the Cyber Risk and Insurance Innovation USA conference today. Speaking at the event, being held in Chicago and hosted by Intelligent Insurer, Ingerslev, senior vice president for underwriting, cyber & tech in Tokio Marine HCC’s Cyber & Professional Lines Group, outlined some of the ways cyber risk is rapidly changing.   29 May 2024

Insurance

Why using digital forensics in cyber claims investigations is the way forward

In the rapidly evolving realm of cyber insurance claims, there’s a growing demand from insurers to forge partnerships with forensics experts, Anthony Hess, co founder of Asceris, tells Intelligent Insurer.   29 May 2024

Insurance

Pen shores up marine expert from Lockton as it ‘looks to diversify’

The MGA has increased its investment in Lloyd’s, and its marine risk coverage in conflict zones.   29 May 2024

Insurance

Part of the problem? Cyber insurance and ransomware

Is insurance adding to the ransomware risk? That was one of the questions posed to the panel on the first day of the Cyber Risk and Insurance Innovation USA conference, hosted by Intelligent Insurer today and tomorrow (May 29-30, 2024) in Chicago.   29 May 2024

Insurance

Sompo builds 3Y plan with eye to shift into softening markets

‘I believe we are entering a softening market,’ James Shea said of a 2026 margin target.   29 May 2024

Reinsurance

Ariel Re expands ‘first ever’ Technology Performance Insurer at Lloyd’s

It says the demand for clean energy TPI and insurers’ commitment to the sector has gone up.   29 May 2024

Risk Management

A joint effort needed for cyber, Cyber Risk and Insurance Innovation USA conference hears

We’re all in it together when it comes to cyber risks, according to Ricardo Lafosse. The CISO at Kraft Heinz told delegates at the Cyber Risk and Insurance Innovation USA conference that effective collaboration strategies across the cyber ecosystem can make both insurers and clients stronger.   29 May 2024

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