Keyword
cyber insurance
Chubb expands suite of cyber loss mitigation services for Canadian and U.S. policyholders
December 22, 2016 by Canadian UnderwriterChubb announced on Thursday an expanded suite of cyber loss mitigation services is now available to help the company’s policyholders in Canada and the United States reduce the impact and likelihood of a cyber incident. According to a press release…
Chubb introduces Cyber COPE, a new model for underwriting cyber insurance
December 13, 2016 by Canadian UnderwriterChubb announced on Tuesday that it has introduced Cyber COPE, a new model for underwriting cyber insurance that is intended to simplify and improve the assessment of both cyber and privacy risks. Authored by Ross Cohen, director of cyber/privacy services…
40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers
October 28, 2016 by Canadian UnderwriterThe Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released…
One in five risk managers surveyed not sure whether their cyber insurance policy covers data in cloud servers: RIMS
October 11, 2016 by Canadian UnderwriterFour in five risk managers surveyed said their company has a stand-alone cyber insurance policy, though only three in four reported their policy covers network/business interruption, Risk and Insurance Management Society Inc. said in the 2016 RIMS Cyber Survey, released…
Engineering insurers’ working group calls for ‘greater risk dialogue’ on cyber threats
October 4, 2016 by Canadian UnderwriterCyber insurance coverage “should not replace” information technology security measures, and cyber risk can have an effect across engineering projects, the International Association of Engineering Insurers (IMIA) warned Tuesday. “The perception that cyber events do not cause physical damage is…
Organizations starting to show greater openness to enlisting experts to help with cyber security: NICC speaker
October 1, 2016 Angela Stelmakowich, EditorVANCOUVER – Cyber attackers are becoming increasingly sophisticated – employing better techniques and targeting information that could prove particularly damaging – but that may be balanced by a greater openness to use expertise and not go it alone, it was…
Aon cyber coverage to include business interruption resulting from network failure
September 28, 2016 by Canadian UnderwriterAon plc announced Wednesday its Cyber Enterprise Solution, suggesting that the policy wording on the insurance policy is proprietary to Aon and could cover property damage arising out of a network security breach. Aon Cyber Enterprise Solution “can address emerging…
‘Intelligent,’ tailored cyber insurance solution launched in Canada
September 1, 2016 by Canadian UnderwriterDavid Peterson, chairman of business law firm Cassels Brock & Blackwell LLP, and U.S. Governor Tom Ridge, the first U.S. Secretary of Homeland Security and former governor of Pennsylvania, announced on Thursday the launch of Ridge Canada Cyber Solutions, Inc.,…
Former Telus computer security expert launches cyber breach investigation provider
June 22, 2016 by Canadian UnderwriterA recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel…
Nearly half of polled firms with cyber insurance unsure if their policies are up-to-date for covering new attacks
June 7, 2016 by Canadian UnderwriterAlmost half of firms with cyber insurance are unsure if their policy is up-to-date for covering new cyber social engineering attacks, according to research from Mimecast Limited, an email and data security company. Research from the company into the growing…
Beazley, Munich Re cover cyber risk up to $100 million
April 12, 2016 by Canadian UnderwriterBeazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the…
Business interruption due to breach top cyber risk concern for captive insurers: Aon
April 11, 2016 by Canadian UnderwriterThe costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to Aon Global Risk Consulting’s (AGRC) 2016 Captive Cyber Survey report, released on Monday. As Aon’s first cyber captive…