Insurance

General

Treating cyber as a catastrophe

Cyber business is expected to grow threefold within the next five years owing to a rise in demand as companies become more aware of the risks. In preparation for this growth in the market, and the growth of cyber risk itself, specialist insurer Beazley launched a cyber catastrophe bond, a first for the market. We spoke to the insurer’s Mr Paul Bantick on its approach to cyber.

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View from India - Challenges in designing cyber insurance

In its slew of reforms for the industry, Insurance and Regulatory Development Authority of India relaxed regulations for cyber insurance products. However, insurers still face several challenges when designing these products. Raghnall Insurance Broking & Risk Management’s Ms Bhakti Dama shares some views on these challenges.

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What constitutes a good cyber policy

Attacks on IT systems and infrastructure are accelerating rapidly both in scale and frequency, highlighting the need for businesses to have adequate protection in these areas. Vectra AI’s Messrs Brian Neuhaus and Aaron Turner outline the aspects of a good cyber insurance policy.

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