Cyber Risk Trends: Q2 2018

Tuesday, August 7, 2018 at 11:00 AM ET

What cyber risk trends are we witnessing this quarter? On Tuesday, August 7th at 11am ET, Advisen will host a free, one-hour webinar which will examine a litany of cyber risk trends derived from our proprietary database of approximately 40,000 cyber events. Advisen’s Aloysius Tan and Erin Ayers, as well as a panel of experts, will examine what occurred in cyber risk trends in Q2 of 2018 and elaborate on how these trends can inform the cyber community.

Our panelists will also discuss the ramifications and implications of an array of provocative data views. By reviewing the largest possible arsenal of Cyber Event data, this webinar will showcase both the known and the unknown for risk managers, insurance buyers, and all P&C professionals who focus on cyber liability.

For more info and registration of this webinar, visit https://www.advisenltd.com/2018/08/07/cyber-risk-trends-q2-2018/

Advisen Ltd. August 2018. Cyber Risk Trends: Q2 2018 [Webinar].

Quarterly D&O Claims Trends: Q2 2018

On Wednesday, July 25 Advisen will host a webinar that examines the D&O claims trends for the second quarter of 2018. Advisen’s Jim Blinn and a panel of experts will discuss the frequency and severity of securities suits in Q2 2018 and share their insights on emerging trends on securities litigation.

This is a free, one-hour webinar.

For more info and registration of this upcoming webinar, visit https://www.advisenltd.com/2018/07/25/quarterly-claims-trends-q2-2018/

Advisen Ltd. July 2018. Quarterly D&O Claims Trends: Q2 2018 [Webinar].

Cyber Risk Trends: Q1 2018

Tuesday, May 8, 2018 at 11:00 AM ET

What cyber risk trends are we witnessing this quarter? On Tuesday, May 8th at 11am ET, Advisen will host a free, one-hour webinar which will examine a litany of cyber risk trends derived from our proprietary database of approximately 40,000 cyber events. Advisen’s Aloysius Tan and Erin Ayers, as well as a panel of experts, will examine what occurred in cyber risk trends in Q1 of 2018 and elaborate on how these trends can inform the cyber community. 

For more info and registration of this webinar, visit https://www.advisenltd.com/2018/05/08/cyber-risk-trends-q1-2018/

Advisen Ltd. May 2017. Cyber Risk Trends: Q1 2018 [Webinar].

Quarterly D&O Claims Trends: Q1 2018

On Tuesday, April 24 Advisen will host a webinar that examines the D&O claims trends for the first quarter of 2018. Advisen’s Jim Blinn and a panel of experts will discuss the frequency and severity of securities suits in Q1 2018 and share their insights on emerging trends on securities litigation.

This is a free, one-hour webinar.

For more info and registration of this upcoming webinar, visit https://www.advisenltd.com/2018/04/24/quarterly-claims-trends-q1-2018/

Advisen Ltd. April 2018. Quarterly D&O Claims Trends: Q1 2018 [Webinar].

10 Notable Retailer Cyber Losses

Although dwarfed in size and scope by more recent incidents, three of the most well-known mega-breaches involved large retail chains. With the approach of the holiday shopping season, our loss data experts pulled together these and other cyber incidents against retailers, as highlights from our 55,000+ cyber incidents.

Read more at https://www.advisenltd.com/2017/11/15/notable-retailer-cyber-losses/

Advisen Ltd. November 2017. 10 Notable Retailer Cyber Losses [White Paper].

‘Coming Storm’ Emphasizes Need for Greater Insurance-Technology Alliance on Cyber Risk

Ben Beeson is no longer brokering cyber insurance. In a new role, he’s tasked with building a bridge between technology and insurance.

Beeson, former cyber risk practice leader with Lockton, joined start-up Arceo Analytics in the summer. The information technology and service provider remains in stealth mode but Beeson spoke with Advisen about his move.

“We’re on the cusp of a major shift in the way insurers and their customers evaluate cyber risk,” Beeson told Advisen “Fundamentally, that’s to do with the increasing ability to capture data points that were not previously available – in real time.”

Read more at https://www.advisenltd.com/2017/11/09/coming-storm-emphasizes-need-greater-insurance-technology-alliance-cyber-risk/

Chad Hemenway, ‘Coming storm’ emphasizes need for greater insurance-technology alliance on cyber risk (November 9, 2017), available with subscription at Advisen Cyber Front Page News.

Insurers ‘On the Right Path’ to Managing Cyber Risk Aggregation

NEW YORK — The time to manage cyber risk aggregation is now and it may be an uphill battle against lack of historical data and certainty of the risk, but the industry appears to be on the right track, according to a panel of experts speaking during Advisen’s Cyber Risk Insights Conference here on Oct. 26.

Currently, determining whether insurers are well capitalized to handle the cyber risk aggregation is “basically impossible” due to lack of data, according to Fred Eslami, senior financial analyst and cybersecurity leader for A.M. Best. Traditionally, the roads to impairment for insurers have been underreserving, expanding too quickly, and natural catastrophe losses. Ratings firms have metrics to input into their capital models for those risks – not for cyber, but Eslami added that they are making strides.

“We don’t believe that it’s getting to a point where the so-called cyber PML would exceed earthquake or hurricane levels,” he said.

Read more at https://www.advisenltd.com/2017/11/09/insurers-right-path-managing-cyber-risk-aggregation/

Erin Ayers, Insurers ‘on the right path’ to managing cyber risk aggregation (November 2, 2017), available with subscription at Advisen Cyber Front Page News.

Cyberattacks Against US Business, the ‘Perfect Asymmetric Weapon’

Geopolitical tensions across the globe expose US companies to as they are viewed as elements of US national power. According to experts speaking at Advisen’s Cyber Risk Insights conference in New York last week, these countries consider cyberattacks the “perfect asymmetric weapon.”

“In a sense being an American company does unfortunately carry a great risk from nation-state attacks because they [nation states] see the strength of the US economy underpinning the larger military and political power of the United States,” said Haris Shawl, Manager, PwC Cyber Threat Operations.

Read more at https://www.advisenltd.com/2017/10/30/cyberattacks-us-business-perfect-asymmetric-weapon/

Josh Bradford, Cyberattacks against US business, the ‘perfect asymmetric weapon’ (October 30, 2017), available with subscription at Advisen Cyber Front Page News.

10 Notable Train Accidents

Advisen’s casualty loss data includes 11,000 casualty losses of $1 million or more, with a total value in excess of $600 billion. Our loss data experts pulled together 10 notable train accidents that illustrate the potential financial impact of such an event. The incidents highlighted have occurred across the globe and range from $37 million –  $572 million.

Read more at https://www.advisenltd.com/2017/11/01/10-notable-train-accidents/

Advisen Ltd. November 2017. 10 Notable Train Accidents [Industry Report].

Cyber Risk Trends: 2017 Wrap-Up

Tuesday, January 30, 2018 at 11:00 AM ET

What cyber risk trends are we witnessing this quarter? On Tuesday, January 30th at 11am ET, Advisen will host a free, one-hour webinar which will examine a litany of cyber risk trends derived from our proprietary database of approximately 40,000 cyber events. Advisen’s Aloysius Tan and Erin Ayers, as well as a panel of experts, will examine what occurred in cyber risk trends in Q4 of 2017 and elaborate on how these trends can inform the cyber community. Our panelists will also discuss the ramifications and implications of an array of provocative data views. By reviewing the largest possible arsenal of Cyber Event data, this webinar will showcase both the known and the unknown for risk managers, insurance buyers, and all P&C professionals who focus on cyber liability.

For more info and registration of this webinar, visit https://www.advisenltd.com/2018/01/30/cyber-risk-trends-q4-2017/

Advisen Ltd. January 2018. Cyber Risk Trends: 2017 Wrap-Up [Webinar].

Taking Collaboration from Concept to Course of Action: The Next Big Job for Construction Risk Managers

November 2017

The Hartford and Advisen recently released a white paper that underscores the fact that risk construction managers are facing a new risk management landscape which demands a more collaborative approach in order to minimize if not completely avoid costly insurance claims. The 7-page white paper examines where collaboration breakdown takes place and discusses how the resulting insurance losses can be prevented.

Read more at https://www.advisenltd.com/2017/11/01/taking-collaboration-concept-course-action-next-big-job-construction-risk-managers/

This story is an excerpt of the original. The content originally appeared in Advisen Media White Papers.

The Hartford | Advisen Ltd. November 2017. Taking Collaboration from Concept to Course of Action: The Next Big Job for Construction Risk Managers [White Paper].