News
IT & claims management analysis
Ransomware attacks skyrocketed in 2019, according to the latest Beazley Breach Briefing, an annual update on cyber trends produced by Beazley, a cyber insurer. 24 March 2020
IT & claims management analysis
A significant increase in claims payments from Health Re, the captive of Aetna Life Insurance, related to COVID-19, could trigger losses for a number of Vitality Re ILS transactions, S&P Global Ratings has warned. 20 March 2020
IT & claims management analysis
The spread of the coronavirus, first through Asia and now into Europe, the US and the rest of the world, has exposed gaps in many companies’ insurance coverage. With large Chinese cities and ports in lockdown and employees not reporting to work, supply chains have already been severely disrupted. 10 March 2020
IT & claims management analysis
While companies are aware of cyber insurance, uptake it being held back by a number of deployment challenges, according to Radiant Insights. 18 February 2020
IT & claims management analysis
The Connecticut Foundations Solutions Indemnity Company (CFSIC) has reassured existing claimants they will not be pushed down the pecking order after an influx of new claimants came into the captive in January. 4 February 2020
IT & claims management analysis
Strategic Risk Solutions has released a new strategic planning and execution service called Captive 360°. 3 February 2020
IT & claims management analysis
Cowbell Cyber, a startup that uses artificial intelligence to deliver cyber insurance to small to mid-sized businesses, has launched Cowbell Prime 100, allowing insurance agents to issue bespoke cyber policies with limits of up to $5 million. 23 January 2020
IT & claims management analysis
Investing in the best available technology is vital for the future success of a captive. Although the best technology is not cheap, this short-term cost is likely to pay for itself relatively quickly by improving pricing, improving internal and external communication and increasing efficiency, says Sean Barnes at United Educators Insurance Company, a reciprocal risk retention group. 4 October 2019
IT & claims management analysis
The intrusion prevention system market is forecast to surpass $8.5 billion by 2025, according to IndustryARC, a research and consulting firm. 28 June 2019
Analysis
The first captive to manage risk associated with crypto currencies has been formed on Bermuda. The vehicle has been formed by a large financial institution to take on the risk of digital assets that it stores on behalf of third parties being stolen. 12 June 2019
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