KIC promotes its cyber insurance covers: Professional partnership with CyXcel
KIC promotes its cyber insurance covers: Professional partnership with CyXcel KIC made a significant move in order to promote its Cyber Insurance covers and has signed an agreement with CyXcel to provide both risk assessment and IR services and support. KIC Cyber...
The Urgent Need for Cyber Risk Assessment and Insurance in Light of Recent Cyber Attacks
In the past year, we have seen a concerning surge in cyber attacks targeting organizations of all types and sizes. These attacks not only disrupt business operations but also lead to severe financial, reputational, and even regulatory repercussions. From ransomware...
Buying business books… how to go about such a purchase
Buying and selling insurance books is an important way for insurers and brokers to grow, but there are several important points and regulations we need to keep in mind when we embark on a negotiation to purchase a book. The important principles are that no one owns...
Interesting recent claims
Interesting recent claims One of the strongest guidelines we have when determining cover for claims, as claims administrators or even the more senior executives of insurers, is the precedent that is handed down by court judgments and Ombud cases. We’re fortunate...
What is fair and responsible AI?
We have just witnessed the release of the latest version of Chat GPT, and what I have observed so far is truly astounding in terms of its capabilities. It takes instructions and proactively analyses what is asked and produces answers within seconds – to a very...
Tightening of policy wordings… likely in the future?
There have been two crucial ‘black swan events’, within the last two years, which will force commercial insurers to re-look at their cover limits and exclusions carefully, as well as the message that these events delivered. We cannot think that because the wordings...
Container Crunch
As the world emerges from the Covid crisis and businesses large and small ramp up their operations, bottlenecks are starting to appear as demand for imported raw materials and goods far outstrips availability and supply. The construction sector is a case in point...
Sureties Market Outlook
Sureties products are essential tools used to support of trade throughout the world. They are used to provide comfort in situations where one party is not comfortable with the size / market standing / operation of a potential counterparty this it is looking to...