WTW Financial, Executive & Professional Risks’ Post

M&A transactions come with their own set of challenges, and cybersecurity is at the forefront. From regulatory penalties to reputational damage, the risks are significant. Learn more about cybersecurity consideration in M&A from WTW and Clyde & Co specialists here: https://ow.ly/yS4650Tayml #MnA #Cyber #Insurance #ASmarterWayToRisk

Cyber risk is an exposure that modern businesses cannot escape, and the financial impact of cybercrime, business interruption, and privacy events are now felt within all industries. Acrisure Cyber Services provides access to cutting-edge, innovative insurance coverage to help protect against the very real and growing threats of the digital age. Contact us today to learn more about how we can help protect what matters: https://bit.ly/3s96hQT #Acrisure #myHCG #HSIA #employeebenefits #insurance

Marsh McLennan and Zurich Insurance Group have released a new whitepaper that emphasizes the important role of the public sector in strengthening societal resilience in the event a major cyber event occurs: https://bit.ly/4gf1T7f The whitepaper suggests ways to address the cyber protection gap, including strategies to enhance the private cyber insurance market’s functionality and risk bearing capacity, identifying areas of limited insurability and non-insurability, and outlining potential principles for public-private partnership. Access it today and reach out to the teams for more details: https://bit.ly/4gf1T7f #cybersecurity #insurance

CDK Global suffered a #cyberattack on June 18-19, 2024, impacting their operations. If your organization is potentially affected, #cyber #insurance could be crucial. Read our latest Cyber Client Alert, "CDK Global Cyberattack: #Guidance and #Insurance Implications," to understand how you can mitigate risks and protect your #business. Read it here! https://lnkd.in/g6-CAFRd

Zywave has announced a first-of-its-kind enhancement to its Cyber Quoting solution with the addition of embedded benchmarking. Zywave Senior Vice President Jeff Cohen, said: "Now, it’s not only faster, but it’s also smarter. By providing insights into limits and loss profiles for similar risks, together with bindable quotes, we’re leveraging our arsenal of propriety data to help educate brokers and address the coverage needs of their policyholder clients.” Read the full story here: https://lnkd.in/e7853hWU #insurtechinsights #insurance #cybersecurity #insurtech

Cyber insurance; can I get a hell, yeah? The answer is, probably not, in an age where cyber criminals are becoming increasingly sophisticated, cyber insurance premiums continue to skyrocket, and the questions around cyber breach become not if, but when. You can transfer some financial risk to an insurer, but you still need to invest in cyber resilience, as well as response recovery. What does that mean for you and your business? Let's chat https://lnkd.in/gZCRsNiu #SieraData #risk #resilience #responserecovery #cyber #protection #nsbcyber Siera Data NSB Cyber

Not having a clear understanding of the financial consequences of a cyber event severely inhibits the effectiveness of everything you do to manage the risk. Aon have vast experience quantifying your exposures in a transparent and data driven manner, putting your security teams and business leaders in a better position to take action.

The cyber insurance market has grown rapidly over the past decade - almost tenfold between 2013 and 2023. But despite this growth the cyber protection gap remains huge. Our report by Darren L. Pain explores how financial innovations like insurance-linked securities (ILS) can help narrow this gap and what is needed to expand the market for cyber ILS. Read the key findings in the 4-page summary: https://lnkd.in/dEhr2CCZ

Marsh McLennan and Zurich Insurance Group have released a new whitepaper that emphasizes the important role of the public sector in strengthening societal resilience in the event a major cyber event occurs: https://bit.ly/3ZJCwF3 The whitepaper suggests ways to address the cyber protection gap, including strategies to enhance the private cyber insurance market’s functionality and risk bearing capacity, identifying areas of limited insurability and non-insurability, and outlining potential principles for public-private partnership. Access it today and reach out to the teams for more details:https://bit.ly/3ZJCwF3 #cybersecurity #insurance

Knowledge is power. Aon’s Cyber Impact Analysis helps businesses quantify the financial impact of a major cyber attack and the role that cyber insurance can play in mitigating that risk. https://lnkd.in/dzTV2PZt #Aon #AonCyberSolutions #CyberInsurance #BetterDecisions