RISK RADAR · BUSINESS LINE
Cyber
Strategic risks that hit cyber: standalone and embedded cyber cover.
ARGUS’S READING Rising · PHP flaws under reported attack and precautionary website shutdowns bring shared software accumulation into current exposure assessments.
Property and catastropheCasualty and liabilityMotorMarine, aviation and transportEnergy, engineering and constructionCredit, surety and political riskCyberAgricultureLife, annuities and pensionsHealth and medicalWhole industry
1–3 yrsClaims and pricing
Travelers to share more cyber insurance risk with other insurers ↗
Insurers spreading cyber risk more widely signals accumulation concerns for standalone cyber books.
1–3 yrsClaims and pricing
Bosses ‘need to know AI risk’ as power grows ↗
Regulators want cyber frameworks covering AI-driven threats, signalling a growing peril for financial firms.
NowClaims and pricing
Singapore firms face mounting cyber risks, with 60% of ransomware-hit organisations reporting AI-enabled attacks. Meanwhile, 52% experienced business disruption or revenue loss, whilst 47% faced cancelled cyber policies or higher premiums. ↗
Ransomware victims report AI-enabled attacks and costlier or cancelled cyber cover, signalling a worsening peril.
NowClaims and pricing
Brokers say cyber policies typically do not cover physical losses such as those from the French supermarket fridge hack
Cyber-triggered physical damage sits outside typical cyber cover, exposing a gap between cyber and property wordings.
1–3 yrsClaims and pricing
Marsh chief executive says broad AI exclusions in insurance policies could cause “real confusion”
Broad AI exclusions could leave unclear cover for AI-related claims across casualty and cyber.
NowClaims and pricing
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt ↗
Cyber rates are falling as AI-enabled attacks rise, a pricing gap for cyber underwriters.
NowClaims and pricing
State-sponsored attacks and the cyber cover question for brokers ↗
State-backed cyber attacks test exclusion wordings, leaving SMEs under-insured as AI-enabled attacks grow.
1–3 yrsClaims and pricing
Cyber insurance limits and ransomware reporting under scrutiny ↗
A new privacy tort and ransomware reporting duties question whether cyber policy limits still hold.
NowClaims and pricing
NFU Mutual Sounds Alarm on Cyber Threat for UK Businesses ↗
Recent attacks on airports and brands signal elevated cyber attack exposure for UK business cover.