Analysis

Briefing: Cyber clarity move may encourage underwriters to byte

By Jon Guy 2023-03-15T13:27:00

london, cyber (2)

Although the insurance industry may not have the ‘muscle memory’ to react to a major cyber event, Lloyd’s of London’s attempts to clarify cover around state-backed attacks could present opportunities for brokers

For the UK’s regional brokers, events occurring in the Lloyd’s market may seem a world away from the risks they and their clients face in the current economic climate.

However, when Lloyd’s chief of markets - Patrick Tiernan - issued the market’s quarterly update on 9 March 2023, he revealed a new move to deliver clarity on cyber cover.

Read more…

Explore more news analysis stories here, or read cyber-related news here.

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.