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Keyword
Silent Cyber

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Should you outsource your response to silent cyber?

February 28, 2020 by Jason Contant

Some insurers are specifically allocating internal resources to address silent cyber, while others are outsourcing it, speakers noted recently at NetDiligence’s Cyber Risk Summit in Toronto Feb. 21. Melinda Parker Thompson, an underwriting specialist with Allianz Global Corporate & Specialty

News InsuranceTechnology

The status of ‘silent cyber’ in the insurance industry

January 20, 2020 by Jason Contant

Silent cyber has long been a thorn in the side of some insurers, and it doesn’t look like the issue will be resolved any time soon. Part of the issue is that the cyber market doesn’t exist to cater to

News ClaimsCommercial LinesInsuranceReinsurance

Why even cyber policies might not cover cyber losses

December 13, 2019 by Jason Contant

Policies that don’t specifically include or exclude cyber losses (“silent cyber”) have long been a concern of insurers, but you’d think a data breach loss would be covered by a cyber policy, right? Not always. The devil is sometimes in

News ClaimsInsuranceMarkets / Coverages

The ‘silent assassin’ in this liability coverage

December 2, 2019 by Jason Contant

We’ve all heard of ‘silent cyber’: potential cyber exposures contained within traditional property and liability policies that may not implicitly include or exclude cyber risks. But what about a ‘silent assassin’ in a policy? “Technology-related areas are a silent assassin

News Earnings / RatingsInsuranceMarkets / CoveragesTechnology

Cyber influence on insurer ratings mostly gradual: Fitch

November 13, 2017 by Canadian Underwriter

The influence of cyber risk on insurer ratings is likely to be gradual, Fitch Ratings has reported. Cyber insurance represents a relatively small percentage of insurers’ business and insurers are taking a cautious approach to growing coverage, given the uncertainty

News Mergers and AqcuisitionsTechnology

Insurers increasingly concerned about “silent cyber” exposure: Willis Re poll

September 12, 2017 by Canadian Underwriter

About half of polled insurance industry practitioners see the risk of “silent cyber” exposure – potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk – as growing over the coming year, according

News InsuranceMarkets / CoveragesTechnology

Silent cyber a big issue, most companies with insurance book have exposure: AIR Worldwide’s Stransky

April 25, 2017 Angela Stelmakowich

PHILADELPHIA – Silence is decidedly not golden when it comes to cyber risk, Scott Stransky, assistant vice president and principal scientist for AIR Worldwide, suggested to Canadian Underwriter in advance of the RIMS 2017 Annual Conference & Exhibition. Silent cyber