Global Cyber Risk Trends and Insurance Survey
The cyber insurance market reached a record size last year. Cyberattacks and the volume of compromised digital assets increased simultaneously
Cyber ILS
Cyber risks are seen as an area of opportunity and expansion for the insurance-linked securities (ILS) marketplace. As demand for cyber insurance and cyber reinsurance grow, while there has been a general lack of cyber retrocession capacity, many are looking to the capital markets and ILS to fill the gaps.
The ILS market regularly discusses the potential for cyber ILS and cyber catastrophe bonds, while a number of companies have been exploring ceding more cyber insurance risk to the capital markets, using insurance-linked securities (ILS).
Lloyd’s Systemic Cyber Risk Scenario: Potential Global Economic Losses of $3.5trn
Lloyd’s published a systemic risk scenario that models the global economic impact of a hypothetical but plausible cyber attack on a major financial services payments system
How Does Cyber Security Hygiene Reduce the Risk of Cyberattacks?
Companies that have strong cyber security hygiene are reducing the risk of being targeted by cybercriminals. Investment in cyber security is crucial in this environment
How ILS Can Support Additional Re/Insurance Capacity for Cyber Risk
ILS plays a key role in allowing catastrophe risk to be transferred from the commercial insurance market to investors, providing additional (re)insurance capacity
Reinsurance Potential for Cyber Risk Transference through ILS Issuances
Public announce of cyber risk transference by (re)insurers to capital markets through ILS issuances represent the potential for a reinsurance
New Cyber Risk & Ransomware Trends. Outlook for Cyber Insurance
Given cyber crime incidents are now estimated to cost the world economy in excess of $1trn a year – around 1% of global GDP – it is no surprise that cyber risk regularly ranks
ILS Market Cyber Insurance Survey. 6 Questions for ILS Funds
The increased use of new forms of risk transfer in the cyber reinsurance market to have renewed discussions about the potential role Insurance-Linked Securities (ILS)
Cyber Insurance Linked Securities: Acute ILS Demand Could Drive a Retrocession Market
Increasing demand for cyber re/insurance have made the need for fresh risk capital acute. With insurance linked securities (ILS) market, re/insurers may be change
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard