ORIGINAL PUBLICATION HERE Insurers are scrambling to reinvent themselves with help from Israeli start-ups in the insurtech market, that has tripled over the past four years. Large insurance companies from around the world are increasingly popping up as visitors to the Israeli tech ecosystem. Aviva plc, a huge UK-based insurer recently brought a delegation of […]

ORIGINAL PUBLICATION HERE Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon Institute. However, while cyberattacks have a greater financial impact on the financial services industry than on any […]

The time is right for cyber ILW trading: PCS


ORIGINAL PUBLICATION HERE There’s an opportunity right now to trade industry loss warranties (ILW’s) linked to cyber reinsurance risks, as a unique set of circumstances make ILW instruments a good fit for transferring cyber exposure, according to Tom Johansmeyer, Assistant Vice President, PCS Strategy & Development at ISO. When I think of the cyber reinsurance […]

ORIGINAL PUBLICATION HERE Asset manager Lombard Odier was one of the investors that participated in the first blockchain based secondary trade of catastrophe bond notes, as the firm’s ILS investment team purchased a chunk of the near $15 million Dom Re IC Limited 2017 private cat bond. The Insurance-Linked Strategies (ILS) team at Lombard Odier Investment Managers, […]

ORIGINAL PUBLICATION HERE While the insurance market is already contributing to cyber risk management, it has the potential to do much more, says a recent report from the Organisation for Economic Co-operation and Development (OECD). While not a substitute for investing in cyber security and risk management—having good cyber security and avoiding a disruption is […]