- China to further open up its insurance and banking sectors to foreign investors with immediate effect
- US P&C net income and combined ratio worsen for first half but record surplus
- Insurance Europe publishes views on OECD proposals to develop a consensus solution to the taxation challenges arising from the digitalisation of the economy
- Insurance Europe publishes insight briefing that examines the liability questions raised by light electric vehicles and automated vehicles
- HDI Global and Schneider Electric to collaborate on the digital transformation of industrial/commercial insurance through data
- Munich Re Automation Solutions bringing its auto-underwriting expertise to the global mid-tier life insurance market with its SaaS solution ALLFINANZ SPARK
- Willis Towers Watson announces that RDT is to become the latest vendor to join its global Radar Live Collaboration programme expired
- ABI applaud Queen's Speech support for Pensions Dashboard expired
- Connecting capital markets to reinsurance risk was one of the key topics discussed at the recent annual IFTRIP conference expired
- MS Amlin cease writing aviation renewals/new business expired
- RenaissanceRe provisionally estimates losses from third quarter catastrophe events at around $155m expired
- Gallagher acquires Swedish broker Proinova expired
9th October 2019
Insurance Europe launches new publication entitled “Insurers’ role in EU cyber resilience”
Insurance Europe has today launched a new publication entitled “Insurers’ role in EU cyber resilience”, which highlights the key role insurers play in assisting the EU in its efforts to increase cyber resilience and competitiveness.
Insurers’ contributions include:
-Ensuring business continuity by helping companies swiftly recover from cyber-attacks.
-Increasing citizens’ and companies’ awareness of the cyber risks to which they are exposed and offering effective protection against them.
-Advising European and national policymakers on cyber risks and how they can be better managed and mitigated.
The publication also outlines ways to encourage the growth of the European cyber insurance market. It calls on policymakers to:
-Promote awareness-raising, which is key to increasing cyber resilience.
-Support public-private cooperation on catastrophic risks.
-Urge member states to act to increase cyber security.
-Support efforts to make cyber-incident data available.
At the same time, policymakers should avoid:
-Introducing premature standardisation, which can harm both customers and insurers.
-Introducing mandatory insurance for cyber risks, which would be counterproductive.
Insurance Europe Trends(198 articles)
Cyber Trends(850 mentions in Insurance Newslink)