Hans Allnutt’s Post

Catch up on the trends forecast in the Data, Privacy and Cyber arena in DAC Beachcroft 2024 Predictions released last week. Also available in audio if you enjoy multi-tasking -click on the link below... #informedinsurance #predictions #trends #forecast #articles #insurance #databreach #cyber #privacy #dataprivacy #legal #claimsmanagement

There isn’t a more dynamic or fast-paced part of the insurance industry than cyber. While that gives providers a chance to innovate, it also means the bar is continually moving.  This year’s winners of Insurance Business America’s 5-Star Cyber 2024 stood out for empowering brokers with tools to understand the risk better and showcase their expertise and stability to clients. Read the full report and meet the firms at the leading edge diligently protecting clients in a rapidly changing landscape. https://hubs.la/Q02ymN8Z0

Some fantastic data emerging from Howden on the short and long-term impact of the Crowdstrike outage last month on capacity, premiums and losses. We’ve gathered some key insights to keep in mind when it comes to these systemic cyber events and the extraordinary resilience of the cyber insurance market. Read Howden’s full article here ⤵️ https://lnkd.in/dQrTFvky

We anticipate cyber insurance premiums to hold steady this year and U.S. regulation of cybersecurity to expand. Discover key insights on market stabilization, emerging threats, and regulatory shifts in our latest article. Stay ahead of the curve! https://ow.ly/hZYk50QKPPV #CyberInsurance #CyberRisk #ASmarterWayToRisk #WTWPersepctive

Which cyber policies are the best in America? Help Insurance Business America steer insurer offerings and the industry in the right direction by participating in the 5-Star Cyber. Vote now https://hubs.la/Q02cMZXc0

According to CyberCube's cyber catastrophe model and industry exposure database, the CrowdOut event is a major event for the cyber insurance market but does not come close to the destructive potential that leading insurers are holding capital against. Read more here: https://lnkd.in/ebCtqnaS #CrowdOut #CrowdStrike

#NationalCyberMonth is a good time to expose a silent business killer: the consequences of being under-insured in cyber. Let’s cut to the chase: without the right cyber insurance coverage, businesses are at risk of suffering monumental losses, and under-insurance is like bringing a water gun to a wildfire!🔥 🛡️ Read this week's blog to discover how getting a proper understanding of cyber exposure – in dollar terms – can radically reduce the massive losses organizations face. 🔗 https://lnkd.in/dfxjB5n3 #CyberInsurance #RiskExposure #EradicateRisk #ArxNimbus #ACRQ

Transformation meets cybersecurity as we review 2023 and prepare for the challenges of 2024. The expansion of the regulatory landscape and the emergence of AI-related breaches are reshaping the cyber insurance market: https://ow.ly/5AKR50QI5HR #CyberInsurance #CyberRisk #ASmarterWayToRisk #WTWPersepctive

Our predictions suggest #cyberinsurance will be just as requested by consumers in 2024 as it was in 2023 — if not more. See the cyber insurance trends that popped across several industries last year, and, if you cover it, make sure your agency's business appetite is updated so you stand out on TrustedChoice.com when commercial consumers search for cyber coverage. https://bit.ly/3tXcVL9 #insuranceindustry #insurtech

From technical support to insurance claims and case assessments, learn how BDO can help businesses accelerate recovery and mitigate risk in the event of cyber disruption: https://bdo-usa.co/3WGrBtv