Munich Re’s Post

Our latest #GeneralInsurance newsletter is out: https://bit.ly/469TNby Key news includes; QBE Insurance's new policy, QCyberProtect, designed to enhance cyber resilience for clients worldwide, Aviva's partnership with Symfos, to strengthen its exposure management capabilities in order to visualise risks and automate data processing, plus a number of key appointments across the profession. Sign up for weekly alerts: https://bit.ly/3ycm0lh #IDEXConsulting #Insurance #News

Cyber ILS came to the commercial insurance market earlier this year, but it is still expected to be some way off for captives. Saxon East speaks to a number of captive professionals to analyse the reasons why #captiveinsurance #insurance #ils #cyber #riskmanagement https://lnkd.in/exvK-mn3

What are the insurance implications of last month’s CrowdStrike outage? Lisa Campisi joined Herbert Smith Freehills’ Sarah McNally, Greig Anderson, and Antonia Pegden for a webinar on August 5 to discuss immediate considerations and potential exposures/losses plus contractual claims and interaction with insurance, including potentially responsive insurances, scope and operation of cyber coverage, possible coverage issues, quantification of claims, assisting the insured, and future policy coverage improvements/challenges. Learn more: bit.ly/3yvQTkV #insurancerecovery #insurancelaw #CrowdStrikeoutage

#bancassurance could OBVIOUSLY be the #primemover TO KEEP MOBILIZED the cycles/mechanism of all industries for sustainable growth and development irrespective of trade, businesses, sectors; locally, regionally and globally without subsidy! If a #Bank &/or #Life or #Non-life #insurance #Company #individually or #jointcollaboration invest in Agriculture for commercial purpose ; yet cooperatively to cultivate lands on the basis of Three shares: one share of land-owner for lending their piece of land, one share of Peasant/ Agriculture labourer for lending their labour , one share of Investors for lending their Money / Capital TO GO for intensive and integrated cultivation following the Crop Diversification Program with Integrated Pest Management (IPM) to INCREASE the YIELD per CROP certainly to be minimum doubled to share @25% for land, labour and capital among the partners to the extent of their participation. The rest 25% of the total output/YIELD FOR premium of #agriculture / #cropinsurance as well as #group #life, #health and #education #assurance for all the family members of the partner #peasant/Agriculture labourer and the land-owners of the respective community! The Agri-processing set-up , agro-businesses, two-way trading cum transport channel and other related commerce, trade and industries concerns shall obviously be its logical sequence; while sustainable growth and development for eradicating poverty, unemployment and food crisis shall sure and certainly be the ultimate achievements without subsidy of any form or fashion! #Budget for #CSR and #ESG compliance of any ORGANISATION irrespective of trade, businesses and/or sector, either running after Profit or Not for Profit, is enough to initiate a Pilot Project!!! For the sake and hope of a better, safe AND peaceful world with zero DISCRIMINATION: NOT MERELY BY WORDS BUT WITH WORKS!!! Courtesy: https://lnkd.in/gsHZTfB Mohammed Iqbal Mazumder ACII 27A/6 Dhakeshwari Road, P.O: Posta-1211, Lalbagh, Dhaka, Bangladesh Mobile No. +8801817565695 E-mail: miqbalmazumder@gmail.com

Between October 15-17, I’ll be at ITC Vegas, representing Cytactic. With cyber insurance playing a vital role in mitigating the effects of cyber crises, Cytactic’s platform is a game changer for the insurance industry. Our platform provides a seamless solution, offering a single space where companies can prepare for and manage cyber incidents. For the first time, readiness and response are unified, ensuring continuity and efficiency throughout every stage of a crisis. By utilizing Cytactic’s platform, companies can drastically reduce the financial impact of cyber incidents, benefiting insurers by minimizing claim payouts and risk exposure. This creates a win-win for both insurers and their clients. Want to explore how partnering with Cytactic can elevate your cyber insurance products? Reach out, and let’s schedule a time to connect during the conference! InsureTech Connect #CyberInsurance #IncidentResponse #Cybersecurity #Cyberresilience

📢 Meet the #MGA! What is the genesis of the name Onda? What is the key to making cyber attractive to the SME sector? What does success look like for Onda? Find out the answers in Alex Jomaa's interview for Insurance Age: https://lnkd.in/eNvaGDki #CyberInsuranceSimplified #UKMGA #CyberLiabilityInsurance #CyberCover

We're thrilled to see Embroker's own Corrie Hurm, VP of Claims, sharing her expertise in Insurance Business America. The piece offers more valuable insights on the recent CrowdStrike outage and its implications for cyber insurance. Corrie's contribution highlights the potential for business interruption claims and the importance of comprehensive coverage. Kudos to Corrie and the entire Embroker team for staying at the forefront of industry developments. Read the full article: https://lnkd.in/eC9JMRiA #ProudTeam #CyberInsurance #InsurTech

Why is there a nearly trillion-dollar gap between #cyber economic losses and insured losses? Zurich North America's Kara Higginbotham excavated some of the reasons in a conversation with Gavin Souter for Business Insurance’s “The BI Interview” series. Watch now -

Lots of people like making projections about the growth of the cyber insurance market. Here we tried to do something different -- estimate the capital needs that such growth will demand, and explore where that might come from. This is meant to start a conversation - interested in your thoughts!

Intangic Founder and CEO Ryan Dodd will be speaking at Airmic (Association for Insurance & Risk) Captives Forum on 6 March at Lloyd’s on how captives can help companies lower costs while improving the relevance of #cyber cover. This is enabled by the technology that has accurately predicted 82% of large breaches over the past 5 years. Chris Nolan Debbie Durkan #cyberrisk #cyberriskvalidation #cyberinsurance #captiveinsurance