Cyber risk

Cyber insurers could face largest loss in 20 years from CrowdStrike Outage

Insured losses are estimated to be between $400m and $1.5bn, says CyberCube

CrowdStrike IT outage wake-up call for technology use, says WR Berkley CEO

Insurer does not expect material losses from event at this stage

Japan's FSA probes personal data leak at Tokio Marine unit

Beazley not anticipating major hit from CrowdStrike outage

Fitch Ratings says high single-digit billion loss will not have material impact on re/insurers

System failure and business interruption the major loss triggers from global IT outage

Business interruption losses unlikely to be covered by general insurance policies, says APCIA

LMA: IT outage chaos unlikely to breach op risk impact tolerances

Matt Wood, head of technology at the Lloyd's association explains insurance implications

Limited impact for insurers from Microsoft outage, says AM Best

Insurer cyber protections, terms and reinsurance likely to limit losses

Microsoft IT outage will be significant loss for insurers

Challenge for firms where both operations and coverage hit by outage

Disruptive technology returns to top of SOA/CAS emerging risk survey

Continued evolution of technologies like ChatGPT most worries risk managers, according to poll

AM Best puts stable outlook on global cyber market

First rating agency to have cyber-specific rating on the growing segment

No concrete offerings for personal cyber insurance yet, but optimism brews

The Association of British Insurers outlines findings from its cyber market research

AM Best's outlook for global cyber insurance market is stable

The rating agency did warn the market is facing risks

Marsh reports record number of cyber claims in 2023

ECA 2024: CNP's Thomas Béhar explains insurers' "evolving approach" to AI

The CFO says insurers should use a blend of Gen AI and traditional AI

Rollout of autonomous vehicles must be steered by collaboration, says ABI

Report highlights challenges for AV insurance