STATISTICS:

IIF 2017: Cyber Risks need to be addressed proactively

Almost half (45%) of small businesses in the UK fell victim to a cyber-attack in the past 12 months, shows the Cyber Readiness Report released by Lloyd's of London specialist insurer Hiscox.

In fact, to improve both its own ability to deal with cyber attacks and to educate staff and customers about the importance of managing cyber risk, Hiscox has appointed as Special Advisor on Cyber Security Robert HANNIGAN, the former Director of The Government Communications Headquarters (GCHQ), the UK's largest intelligence and security agency.

"The risks that cyber criminals pose, both to businesses and individuals in the UK are significant and sophisticated. Cyber attacks are intrusive, costly and disruptive, which is why businesses and the public must be proactive in establishing a defense against them," said the newly appointed Special Advisor at Hiscox UK and Ireland.

In fact, the insurance industry is currently experiencing a higher exposure to the cyber risks itself as its fast and digitalization is bringing not only countless opportunities, but also some challenges and even a certain degree of vulnerability to a class of risks not entirely well known and acknowledged.

IIF2017: Insurance in the DIGITAL World Conference will address the cyber risks issues, as well as digitalization's impact on sales, underwriting, and claims management. The event will take place on 14 November 2017, at the Bristol Hotel, Vienna (AU).

A team of exquisite speakers will share their views and expertise on the new technologies available for insurers, the huge possibilities opened ahead, but also the threats posed on the insurance business by the technological advance.

More details on the event's agenda, speakers and participation terms are available here.

Registration is already opened. Click here to register online for the event.

Related articles

Swiss Re appoints new CFO and proposes new members to the BoD

Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.

2017-12-14

Join Claims & Underwriting Experts across World's Top Insurance Companies at the 5th Insurance Claims & Underwriting Summit 2018

Don't miss your chance to be involved in the 5th Insurance Claims & Underwriting Summit 2018 in Singapore from 6-9 February 2018 and engage in-depth discussions on global strategies to further develop the industry, get first-hand updates and practical information on market driven Claims & Underwriting management strategies that could greatly enhance your organization's market competitiveness on customer experience, technology advancement & pricing mechanism.

2017-12-11

Piotr OZAREK is the PZU's first Ombudsman

Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.

2017-12-07

Desmond BOHAN joins JLT Re as Senior Vice President

JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.

2017-12-07

ON THE MOVE

Swiss Re appoints new CFO and proposes new members to the BoD

Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.

Piotr OZAREK is the PZU's first Ombudsman

Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.

Desmond BOHAN joins JLT Re as Senior Vice President

JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.

TOP EVENT

"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference

The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.

22.11.2017

photodune-3834701-laughing-girl-xs

"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna

"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.

14.11.2017

photodune-3834701-laughing-girl-xs

Croatian Insurance Days Live

On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.

09.11.2017

photodune-3834701-laughing-girl-xs

The 2017 Baden Baden Meeting: Short recap

The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!

26.10.2017

Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers

Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".

25.10.2017

Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing

Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according  to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.

24.10.2017

See all