Keyword
cyber
Overland flood coverage currently top product development priority: OMIA CEO
March 31, 2016 Angela Stelmakowich, EditorWith 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…
Insurer launches ransomware solution following hefty increase in criminal-related cyber losses
March 23, 2016 by Canadian UnderwriterChubb’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…
Tech Threat
March 1, 2016 Greg Meckbach, Associate EditorRansomware 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.
Aggregation Aggravation
March 1, 2016 Greg MeckbachWhile 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.