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US Cyber insurers see favorable premium growth, Results in 2023: Fitch

by AIP Online Bureau | Apr 24, 2023 | Data, Non-Life, Reinsurance, Risk Management

Rising policyholder awareness of the multi-faceted cyber threat continues to boost demand for coverage. Rapid recent premium growth and a reduction in claims experience in 2022 led to a strong recovery in results for the US Cyber insurance line following two...

UK says Russian hackers aim to attack key infrastructure

by AIP Online Bureau | Apr 20, 2023 | Eco/Invest/Demography, International News

A successful cyberattack on critical national infrastructure such as an energy grid or water supply could be highly destructive, and do serious real-world damage The UK government’s cyber defense agency warned on Wednesday of an emerging threat to Western critical...

TMK launches first life science insurance product, intellectual property and cyber coverage under one policy

by AIP Online Bureau | Jan 12, 2023 | Eco/Invest/Demography, International News, Technology

Aoife Woulfe, head of intellectual property at TMK, added: “This is the first time an ‘all-singing, all-dancing’ intellectual property product has been released as part of a life science package to the Lloyd’s market, offering broad coverage for a full range of IP...

AIIMS Delhi server attack originated from China, say government sources; data from 5 servers safely retrieved

by AIP Online Bureau | Dec 14, 2022 | Health, Indian News, Technology

“AIIMS Delhi server attack was by the Chinese, FIR details that the attack had originated from China. Of 100 servers (40 physical and 60 virtual), five physical servers were successfully infiltrated by the hackers. The damage would have been far worse but is now...
Key risk trends in 2023:Potential Recession, Cyber and ESG

Key risk trends in 2023:Potential Recession, Cyber and ESG

by AIP Online Bureau | Dec 13, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology

Plunging growth rates, surging inflation, the energy crisis, continuing stock market volatility and ongoing supply chain issues are monitored closely by D&O underwriters as they could cause liquidity and profitability squeezes in many sectors and fuel rising...
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