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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.

 

Managing Risk in the Cloud - Ace Group White Paper

Weighing the risk and benefits of could computing - White Paper - Ace GroupCloud computing is a landscape-altering technology that is enjoying increasing rates of adoption — often implemented, however, without taking sufficient risk management precautions.
 
Risk managers need to have a deep understanding of what cloud computing is, and why they need to be aware of it. While there are numerous advantages to adopting the cloud, there are also abundant risks, and having a comprehensive risk management plan in place is critical.
 

PwC sign cyber insurance incident response contract with Beazley

PwC and Beazley announce alliance for forensic servicesBeazley, the pioneer in breach response insurance, announced today the addition of PwC to the panel of specialist service providers available to Beazley Breach Response (BBR) policyholders.  Beazley's BBR clients now have access to one of the world's largest forensic services providers to investigate suspected data breaches and network intrusions and contain the issue as swiftly as possible.

Free Government e-learning course for SME's on Information Security and Risk

Information assurance e-learning course for SMEs from UK Government Government boosts support for SME business with free Information Assurance e-learning course.

The course has been developed from governments own initiative on information security and the management of related risks across the public sector where over 200,000 people in local and central government have completed the modular course.

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