Insurance

RVS Live: Silent cyber" exposure, a growing concern for insurers

Almost 50% of the industry practitioners consider the risk of "silent cyber" exposure—potential cyber-related losses due to silent coverage from insurance policies not specifically designed to cover cyber risk—as growing over the coming year, according to a study of Willis Re, presented during a press conference in Monte Carlo.

RVS Live: AON Benfield: the reinsurance industry is well capitalized

The Reinsurance industry is well capitalized with 605 billion as of end of June 2017, 2% up from the end of 2016. But sustained growth in reinsurance demand is dependent upon increasing the relevance of insurance to the global economy, according to the Reinsurance Market Outlook report launched by AON Benfield during the Rendez-vous de Septembre in Monte Carlo.

RVS Live: CEE to get new cat models in 2018

AIR Worldwide will launch in 2018 a severe thunderstorm model for Central and Eastern Europe, according to Dr. Milan SIMIC, EVP and Managing Director, Global Business Development Insurance Solutions of VERISK Analytics. The model will cover Estonia, Latvia, Lithuania, Poland, Czech Republic, Slovakia and Slovenia.