Sponsored content: Ian Summerfield, head of cyber at Pen Underwriting, discusses trends in cyber crime and how the sector can stay ahead
’Our process of continual review, adjustment and improvement is aimed at ensuring customers have access to the most relevant and most responsive cyber policy possible,’ says managing director of international cyber, D&O and PI
‘Unmanned and electric aircraft, autonomous vehicles, automated factories, robotics, autonomous rail and many other advanced technologies have very specific, complex and technical cyber insurance requirements,’ says chairman
Europe’s “lower penetration rates and increased regulatory requirements” drove the majority of growth as worldwide premium increases slowed
Expert believes that reinsurers need to be looking for the next growth area to engage in and steer, following the trajectory of the profitable cyber insurance market
Regional carriers in the international market are ‘looking to set up a new cyber product for one or more of personal lines, SMEs or large corporates’, says chief commercial officer
’Our retail and production activities have been severely disrupted,’ says statement
’We’re excited to have him on board as we continue building the future of digital asset insurance,’ says co-founder and chief executive
‘Both insurers and reinsurers are diversifying their strategies to tap into emerging risks, which will support growth in the cyber insurance market,’ says analyst
‘The reality is that too many executives and CISOs feel pressured to protect corporate reputation above compliance,’ says chief executive
‘Simply deploying key cyber security controls is no longer enough – these tools must be properly managed and comprehensively used,’ says managing director
‘I am a results-driven professional focused on building long lasting, meaningful business relationships, which makes Howden the perfect fit for me,’ says appointee
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‘The rapid adoption of new tools, techniques and procedures by threat actors is outpacing traditional risk assessment models,’ says report
’We’re now seeing the early signs of a cyber telematics model emerge, where insurance premiums reflect an organisation live security posture,’ says Google Cloud’s UK head of insurance, legal and financial services
‘There should be no assumption that cyber risks are covered under a D&O policy,’ says law firm partner
The insurer is currently crafting numerous products to launch by year-end, as well as maintaining its hunt for suitable broker scheme opportunities, says chief underwriting officer
’Just based on very early discussion around this, it’s looking like this isn’t necessarily going to be a big claims event for the cyber insurance markets,’ says senior editor
Softer market conditions are encouraging diversification strategies – however, the challenge and opportunity see-saw of branching into emerging risks presents a tightrope for reinsurers to navigate
’We are delighted to back the team as they grow their international footprint and continue to lead innovation in cyber risk management,’ says investment director
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