Canadian Underwriter

Keyword
cyber


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Cyber risk data ‘not all that robust,’ Willis Re speaker tells ICRMC

April 4, 2016 Greg Meckbach, Associate Editor

Cyber insurance has evolved considerably since 1999 but commercial insurers lack standardization in cyber policies and there is not a lot of data available for underwriters, a speaker suggested at a recent conference. For cyber risk, “the data is not

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Cyber insurance process becoming more rigorous for certain industry sectors, cyber risk conference hears

April 4, 2016 Jason Contant, Online Editor

The process to obtain cyber insurance may be more rigorous than it has been just a few years ago, even if it is a renewal, a speaker suggested last week at the 2016 International Cyber Risk Management Conference (ICRMC) in

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Third-party service providers can be ‘hornets nest’ in cyber security: ICRMC speaker

April 2, 2016 Greg Meckbach, Associate Editor

Contracts with information technology service providers can be critical in managing risk from cyber incidents, and third-party providers need to be involved in exercising contingency plans for cyber breaches, speakers suggested Friday at the 2016 International Cyber Risk Management Conference

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Prepare for Anything

April 1, 2016 Greg Meckbach, Associate Editor and Jason Contant, Online Editor

Canadians are well-aware of events that can produce insured losses, including storms and cold weather. But the possible influence of other less-familiar perils, like earthquakes and cyber cats, should also be on the radar.

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Cyber insurance underwriters may want to consider less “absolute” questionnaires: ICRMC speaker

April 1, 2016 Jason Contant, Online Editor

Insurers who underwrite cyber insurance may want to consider less “absolute” questions during their coverage questionnaires, a speaker suggested on Thursday at the 2016 International Cyber Risk Management Conference (ICRMC), held in Toronto. “I was the one that completed the

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Construction contractors who subcontract design work could take on more E&O liability risk: Chubb

March 31, 2016 by Greg Meckbach

Construction contractors involved in design-build projects take on additional professional liability exposure, while building information modelling software and employees storing data on wireless mobile devices can create cyber liability exposure, Chubb Ltd. suggests in a paper released Thursday. “Under the

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Overland flood coverage currently top product development priority: OMIA CEO

March 31, 2016 Angela Stelmakowich, Editor

With the increased risk appetite for new or expanded products among mutual insurers, overland flood coverage is the number one product development priority, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday during its Annual

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Insurer launches ransomware solution following hefty increase in criminal-related cyber losses

March 23, 2016 by Canadian Underwriter

Chubb’s Global Cyber Risk Practice has launched a service to help policyholders with ransomware attacks in the wake of a 430% hike in the insurer’s criminal-related cyber losses over the past five years. “Chubb’s new cyber extortion solution can immediately

Feature

Tech Threat

March 1, 2016 Greg Meckbach, Associate Editor

Ransomware and malware disguised as advertising tools for web browsers are just some of the computer security threats that can trigger losses. Experts advise organizations, especially those with sensitive data, to educate their non-technical staff on defending against threats from cyberspace.

Feature

Aggregation Aggravation

March 1, 2016 Greg Meckbach

While risk managers for large manufacturers tend to be aware of the vulnerability of their supply chains to major incidents affecting business partners, the same cannot necessarily be said for risk professionals at small to mid-sized organizations. Some experts warn the latter may not be aware of the full impact that aggregation of risk, including relating to cyber and critical infrastructure, can have.