Non-life / General

Cyber insurance shifting into personal lines as consumer interest rises

One in five individuals are interested in purchasing a cyber insurance policy, according to GlobalData’s 2020 UK Insurance Consumer Survey, as interest from the commercial space moves into personal lines.

COVID-19: navigating the ‘CEO moment’

The art of underwriting

It is an imperative for stakeholders in the short term insurance industry to understand how the casualty insurance risk landscape is evolving. “Risk is at the centre of what the industry delivers to society and we need to understand how risks assume and evolve,” said Carli Jacobs, Head of Property & Casualty Southern Africa at Swiss Re. Jacobs was on hand at an Insurance Institute of Gauteng event to introduce a presentation titled: ‘Evolving exposure and the changing Landscape of Casualty Losses’. What followed was a comprehensive overview of the challenges facing insurance brokers, insurers and reinsurers in this complex segment of the insurance market.

CSSA, MyCyberCare and Commercial Crime Concepts join forces to launch a standalone ransomware insurance offering

Ransomware is designed to completely encrypt a victim’s file system, potentially causing an irreversible loss of data. Furthermore, an increasing number of cybercriminals are utilising ransomware to extract money out of victims.