by AIP Online Bureau | Jan 9, 2025 | Articles, Eco/Invest/Demography, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology
While clarity on insurability of DPDP Act fines from an enforcement standpoint remains to be witnessed, insurance providers can play a vital role in managing risks and supporting businesses in their efforts to comply with data protection regulations The recently...
by AIP Online Bureau | Dec 18, 2024 | Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
In 2024, premium rate change in the US cyber insurance market has fallen to below zero, marking the onset of a soft market. While premium growth stagnated, so did loss ratios, with a 3-point reduction in cyber market loss ratio to 41.6%. Houston, TX: Annual 2024 US...
by AIP Online Bureau | Dec 16, 2024 | Briefs, Technology
Beazley, a leading specialty insurer, has today announced Alessandro Lezzi as Group Head of Cyber Risks, reporting to Paul Bantick, Group Chief Underwriting Officer, Beazley. Alessandro Lezzi has an outstanding track record of success in cyber insurance having been...
by AIP Online Bureau | Dec 7, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Extreme weather events featured in the G20’s top five risks, as the fifth biggest risk. This follows a year in which many G20 countries – including Brazil, Germany, Indonesia and the U.S. – experienced severe flooding, above-average rainfall, wildfires, extreme heat...
by AIP Online Bureau | Nov 23, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology
Cloud-related threats remain the foremost worry, cited by 55% of Indian executives as their most concerning cyber risk, marking a 3% increase from the previous year. However, 50% of security leaders and chief financial officers (CFOs) feel least prepared to address...
