CRIF News

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Cyber Risk Legal Update - August 2015

DAC Beachcroft Adviser Newsletter

August 2015 Cyber Risk legal update

Cyber Insurance, Privacy and Data Security Newsletter

With our sincerest apologies to Miss Jessie J, this month the newsletter is all about the money, money, money with cyber insurance rapidly becoming the new bling-bl-bling.
 
The estimated cost to the UK economy from cyber threats amounts to billions of pounds each year and has nearly doubled between 2013 and 2014. 
 

Systemic Risks | Underwriting Committee

Cyber Risk Underwriting - CRIF Committee

CRIF is providing  useful information and articles covering Cyber Risk & Insurance. This article comes from our Underwriting Committee  

This article looks at the issues that need  bearing in mind when underwriting and we hope it will provide some insight into how cyber insurance risks are underwritten and what good underwriters look for when analysing submissions.  

Ace Group Expands European Cyber Risk business

Ace Group announce launch of cyber risk giving greater underwriting and risk management capability across EuropeACE Group today announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk.

The announcement follows research by ACE which indicates that cyber is a “top three” emerging issue for European risk managers and represents a further evolution of the work of ACE’s global cyber practice, first established in 2014.

The Achilles Heel: What the Board must know about Cyber Risk

Cyber Risk and the boardroom | what business leaders must know!Companies of all sizes have recognised the tremendous opportunity the Internet presents for conducting business. But great reward also comes with great risk.

Cyber Risk has now emerged as a high-profile problem; so much so, it has been escalated to third position on the corporate boards risk register.

In the 21st century everyone needs to take cyber risk seriously.