All segments of the reinsurance business are being affected by current events, and it is critical that companies provide colleagues with the support needed to move forward with their day-to-day activities. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both ... Continue Reading »
technology
COVID-19: Cybersecurity Checklist for Remote Working
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. ... Continue Reading »
Silent Cyber – No Longer Silent: Part Two
The goals of Lloyd’s and global regulators are to safeguard the sustainability of the insurance market, provide contract certainty for clients and drive innovation of new cyber products to fill the evolving needs of clients, according to Guy Carpenter colleagues Siobhan O’Brien, International Cyber Center of Excellence Leader, and Erica Davis, North America Cyber Center of Exc ... Continue Reading »
Two Years On, General Data Protection Regulation Continues to Shape Global Data Privacy Regulation
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. In 2019, the cyber insurance industry began to grapple with multiple headwinds including record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations and systemic ransomware claims. When the European Union GDPR took effect ... Continue Reading »
Webinar: Cyber Risk in the COVID-19 Pandemic
The cyber space saw numerous developments during 2019, including new privacy regulations, systemic ransomware claims and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, Guy Carpenter sees a number of emerging trends that present both potential challenges and opportunities for our clients, particularly as ... Continue Reading »
Silent Cyber – No Longer Silent? Part One
Silent (or non-affirmative) cyber refers to cyber-related exposure within many all-risk general insurance products. If no explicit cyber exclusion applies, coverage for losses caused by cyber perils may apply. This underlying exposure’s potential for aggregated loss is currently one of the major issues being considered by the (re)insurance industry, according to Siobhan O ... Continue Reading »
Recent GC Capital Ideas Posts on Cyber
Here we showcase the recent stories that GC Capital Ideas has presented on cyber risks. Particular topics of focus include the intersection of COVID-19 and cyber risk and what is driving cyber (re)insurance sales. ... Continue Reading »
Webinar: Cyber Resilience, COVID-19 Response and the ‘New Normal’ – Learnings and Predictions
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. Looking toward the remainder of 2020, as COVID-19 upends how businesses interact with technology, the reinsurance market sees a number of emerging trends that present both potential challenges and opportunities. The global COVID-19 pandemic has had dramatic ... Continue Reading »
The Healthcare Industry Needs to Step Up Its Security Game Now
As technology evolves, companies face both new opportunities and new risks, and Guy Carpenter’s Cyber Global Center of Excellence is actively monitoring significant developments in the cyber risk sphere. Guy Carpenter-affiliate Oliver Wyman and Welltok recently hosted a webinar to demystify data security, with a focus on why we all need to play a role in protecting health da ... Continue Reading »
Will Smart Containment Save the Economy?
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with healthcare executives on how to mitigate the impacts of the virus on the sector, and virtual health care tools are becoming increasingly commonplace. COVID-19 is far from over. Looking at the nationwide numbers, there’s very little difference between the end of March and the end of May. S ... Continue Reading »
