cyber business interruption News

TMK Launches Flagship Cyber Product, Cyber Ctrl, in Asia

Tokio Marine Kiln (TMK) has launched its flagship cyber product, Cyber Ctrl, targeted at insurers in Asia. The product covers a range of first party losses including business interruption and provides clients with crisis management support in the wake of …

CFC Expands Cyber Insurance Product with Business Interruption Cover

CFC, the London-based managing general agent that specializes in emerging risks, announced it has expanded its cyber insurance product to include business interruption as well as a variety of cyber-crime activities. With CFC’s new cyber insurance product, businesses will benefit …

Cyber Business Interruption Risks Still Difficult to Figure

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the growing area of non-physical threats? This question was raised among panelists at the 2018 PLUS Cyber Symposium, held …

Cyber Business Interruption Remains Area of Uncertainty for Insurance

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium, held in May in Chicago, …

Marsh Enhances Cyber Risk Products to Address Business Interruption Risks

Marsh has launched a suite of new and enhanced risk analytics and insurance coverages designed to address business interruption (BI) risks arising from cyber-attacks. Marsh’s new cyber BI suite includes proprietary insurance wording and risk assessment analytics, integrated into its …

Marsh Launches Cyber Risk & Data Breach Cover for Non-US Clients

Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up to £500 million ($624 million) in cover …

RIMS 2016: Captives See Business Interruption as Top Cyber Threat

The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives. Aon Global Risk Consulting, in its 2016 Captive Cyber Survey report, found that …

RIMS 2016: What’s the Biggest Risk for Cyber Insurers?

Nobody really knows what the biggest cyber risk is. But Scott Stransky, senior scientist at risk modeling firm AIR Worldwide, has thought a lot about a cloud breach and the business interruption ramifications. Listen as he describes the “Hurricane Andrew” …

Beecher Carlson Releases Cyber Business Interruption Calculator

Insurance broker Beecher Carlson has launched a cloud-based application service called CyberSelect BI Vision to help educate policyholders on their exposure to business interruption losses from cyber risk. The app is a cyber business interruption calculator that companies can use …

Top 5 Issues in Often-Misunderstood Business Interruption Insurance

The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts. During a recent webinar hosted by global broker Marsh, insurance experts detailed the top five issues related …