Intelligent Insurer’s Post

I am excited to attend and complete a discussion at the Australian Institute of Company Directors on a very timely topic about “Navigating Emerging Risks in D&O Insurance: Climate and Cyber Security Disclosures,” delivered by Jason Betts, Global Co-Head of Class Actions, Christine Tan, Partner Herbert Smith Freehills, and Craig Claughton, Chair of FINPRO, Marsh. It is important for any organization that their directors and officers are well protected and skilled in the areas of financial risk, professional liability, risk management, employment practices liability, and indemnity. The discussions covered the current state of play in D&O, the regulatory and class action landscape, emerging risk areas, and tips on how to navigate the D&O market. On the question of what you consider to be the highest ranked risk for listed entities, cyber/technology security ranked top, and with the recent aftermath of the CrowdStrike issue, this will continue to be a discussion point at the board levels of most organizations. and especially at Aviation/Airlines.

The clock is ticking! Today’s your last chance to save $600 on tickets for Cyber Risk & Insurance Innovation USA 2025 (April 1–2, Chicago). Join 25+ senior-level cyber executives from top companies like Aspen, Mosaic Insurance, SCOR, and Munich Re as they tackle the biggest issues in cyber risk and insurance. Topics include: Managing systemic cyber risk New frameworks and reinsurance strategies Government roles in cyber warfare Tools for underwriting and mitigation Secure your seat before prices rise at midnight: https://ow.ly/pNyI50UnCZq #CyberInsurance #RiskManagement #InsuranceInnovation

The commercial insurance industry is driven by the need to address rising risks like cyber threats and climate change, with mid-sized and enterprise businesses increasingly turning to brokers like Armada Risk Partners for tailored, data-driven solutions. Commercial brokers have become essential partners, with 78% of companies reporting that brokers helped them secure more comprehensive and cost-effective coverage. As businesses prioritize resilience, the role of brokers has become critical in navigating a rapidly evolving risk landscape and securing customized insurance strategies #RiskManagement #CommercialBrokers #BusinessResilience #CyberRisk #CustomSolutions #CostSavings

Impacted by the CrowdStrike event? Contingent Business Interruption (CBI) is often insured under a robust Cyber insurance policy. For impacted companies, the coverage can be complicated, raising the question - how do we optimize our insurance recovery quickly? ⚠️ Tips for optimizing insurance recovery: 1. Assemble a broad recovery team 2. Collect relevant data related to lost revenue and track additional expenses 3. Engage with your broker for support and guidance Excited to share that Marsh will be providing a CrowdStrike event recovery guide and checklist to help clients get started. Our teams are committed to refining our approach to support you through this challenging time both from a Cyber and Forensic Accounting perspective. Reach out to discuss your unique needs - Marsh is here to help. #CyberInsurance #InsuranceRecovery #RiskManagement #Marsh #CrowdStrike

🗞 Damini Mago has written an article for The Insurer #BadenBaden #conference dailies as the global #reinsurance community meets at the Baden-Baden Reinsurance Conference this week in Germany. With many regional #insurance markets seeing increasing demand for #cyber insurance and a growing protection gap opening up, Damini looks at how innovative #risk #modeling can help the industry capitalize on the cyber risk market opportunity, for a fast-changing, dynamic peril without a long or stable claims experience. 👉 Read Damini's article in The Insurer here: https://lnkd.in/e8Bz5-Tj #riskmanagement #BBRe24 #insurancenews

Does your insurance strategy protect your manufacturing operations? Axio CEO Scott Kannry and Lockton U.S. Cyber & Technology Leader Michelle Faylo discuss what manufacturers need to know when risk outpaces insurance coverage. Watch the clip for expert insights to safeguard your business 👇 For the full episode, visit 👉 https://lnkd.in/eGq6fCq2 #CyberRisk #Manufacturing #RiskManagement #CyberInsurance

Are you confident that your alarm and security business is fully protected against potential risks? As an insurance professional specializing in the security & fire industry, I understand the unique challenges you face. From cyber threats to property damage, it's crucial to have the right insurance coverage in place. Let's discuss how I can help you: 1) Tailored Insurance Solutions: Customized policies to fit your specific needs. 2) Risk Assessment: Identifying potential risks and developing mitigation strategies. 3) Expert Advice: Guidance on coverage options and claims processes. #security #alarmsystems #insurance #riskmanagement #businessinsurance

Catch the latest insights on cyber risk management and insurance straight from BIBA 2024! Steve Fox, an industry expert, sat down with Insure TV to discuss the biggest challenges facing cyber insurance brokers such as the low uptake of cyber insurance among clients, why equipping brokers with the right tools is essential for effective client communication and mitigation of risks, and practical advice for brokers on ensuring their clients' right vulnerabilities are addressed. 📺 Don’t miss out on this essential discussion that will help transform the industry's approach to cyber insurance. Watch the full interview now on InsureTV: https://lnkd.in/euWfYCE8 #BIBA2024 #CyberRisk #Insurance #InsureTV #CyberRiskManagement #CyberInsurance

I will be in Philadelphia next week for the NetDiligence® Cyber Risk Summit 2024, showcasing my passion for insurance, cyber risk resilience, and catastrophe modeling. If you're keen on learning more about my work, drop by the Cyberwrite booth! #cyberinsurance #CyberRisk #Insurance #CyberCatastrophe

2024 has seen a seismic shift in cyber reinsurance buying behaviour - here's our thoughts on those changes and how they are aligning to the loss environment.