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Cyber insurers could face largest loss in 20 years from CrowdStrike Outage
25 July 2024Insured losses are estimated to be between $400m and $1.5bn, says CyberCube
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Insured losses from CrowdStrike outage could exceed $1bn for Fortune 500
24 July 2024Parametrix said the portion of economic losses covered under cyber insurance policies will not be more than 10% to 20%
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Japan's FSA probes personal data leak at Tokio Marine unit
23 July 2024 -
AI is only used for reserving by a fraction of insurers worldwide
23 July 2024But LCP survey found 53% of teams said they plan to increase usage in the future
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System failure and business interruption the major loss triggers from global IT outage
22 July 2024Business interruption losses unlikely to be covered by general insurance policies, says APCIA
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LMA: IT outage chaos unlikely to breach op risk impact tolerances
19 July 2024Matt Wood, head of technology at the Lloyd's association explains insurance implications
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Cytora teams up with Gamma Risk to map out commercial property risk for insurers
17 July 2024 -
NYDFS issues guidance on AI discrimination
11 July 2024Insurers in the state are expected to demonstrate the "actuarial validity" of AI
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Schroders Capital and Hannover Re unveil tokenised ILS blockchain pilot
04 July 2024 -
GenAI could mean a 10%-30% boost for insurers' risk functions
03 July 2024Consultancy McKinsey says the insurance sector is still defined by manual processes and legacy systems