News
Cyber Attack Financial Losses Driven by Business Interruption, Recovery Costs: AGCS Report
During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published by Allianz Global Corporate & Specialty (AGCS). Further, ...
Marsh McClennan Forms Multidisciplinary Cyber Risk Analytics Center
Marsh McLennan aims to combat cyber risks with a special center that combines expertise from its multiple businesses. The newly-launched Cyber Risk Analytics Center includes experts on cyber risk ...
Ping An Sees Market Value Plunge Due to Investor Worry About China Uncertainties
China's Ping An Insurance (Group) Co. has long argued it should be treated like a high-growth technology company instead of a seller of life policies. After a $90 billion plunge in its market value, ...
Corporate Climate Risk Disclosures Still Falling Short
Around half of companies assessed have begun to apply globally-agreed climate-related disclosure standards for helping investors to pick firms committed to sustainability, regulators said on ...
While Insurers Remain Wary, Scooter Providers Are Pursuing Scale to Survive
The era of breakneck growth for electric scooter firms is giving way to more selective expansion focused on profits as they face tougher regulations, more demanding customers and wary insurers. Hurt ...
Lockton Forms Special Team Focused on Digital Asset Protections
Insurance broker Lockton Companies announced the formation of special team focused on risk transfer for companies in the evolving blockchain and cryptocurrency industry and their digital assets. In ...
Cyber MGU At-Bay Boosts Series D Round to $205M With $20M Extension
Cyber MGU At-Bay, three months after securing a $185 million venture capital financing round, is celebrating raising another $20 million. How to classify this additional $20 million infusion from new ...
New Partnerships Target Claims Experience, Climate Resilience and Auto Risk Assessment
One partnership will focus on boosting the claims experience for insurers and policyholders. Another looks to promote climate resilience and target social inequities. A third help insurance companies ...