Under new Chain of Responsibility laws, more parties to the heavy vehicle transport supply chain will have an increased duty of care. If you are involved in this industry, or engage companies involved in this industry, read on to see whether this applies to you. If you have any concerns or queries on this subject, […]
HUMAN-BASED CYBER DEFENCE
More information regarding human-based cyber defence is available at Human Element Security, and in the 2014 Cyber Security Intelligence Report published by IBM. If you would like to discuss Cyber Risk Management and insurance, please contact us. Large-scale studies such as IBM’s 2014 Cyber Security Intelligence Index reveal that 95% of all security breaches are […]
ALLIANZ ISSUES WARNING TO AUSTRALIANS TRAVELLING TO RUSSIA
A number of Australians are expected to head to Russia this June for one of the world’s top sporting events, the World Cup. But with political tensions in the eastern European nation, and the ongoing threat of terrorism, at an all-time high, Allianz Global Assistance (AGA) is advising travellers to take precautions to ensure a […]
WHO WILL WIN THE WORLD CUP? AN INSURANCE ACTUARY’S TAKE…
Who will win the World Cup? JLT Specialty shares its study If you’re wondering who’s likely to win World Cup 2018, then this study from insurance broker JLT Specialty has interesting insights for you. Citing new research from JLT, Actuarial Post reported the odds – Brazil, with a 17.89% chance to bag World Cup victory, […]
“WE STILL DON’T KNOW MUCH ABOUT THE FUTURE OF CYBER”
Another day, another cyberattack: just last week, two major Canadian banks – Bank of Montreal and Canadian Imperial Bank of Commerce – revealed that they had been contacted by cyberattackers claiming to have stolen the data of nearly 90,000 customers, in what was described as the first significant assault on financial institutions in the country. […]
CYBER-SECURITY SPEND SURGED IN 2017
It looks like the message is finally getting through after a recent survey found over half of Australian and New Zealand businesses increased their cyber security spend last year. A new report by Australia’s Cyber Emergency Response Team (AusCERT) showed that 58% of organisations across the region bumped up their spending in 2017. The […]
TESLA CAR INSURANCE IDEA EXPANDING OVERSEAS
Tesla’s foray into designing its own car insurance program is looking like a good idea, as the Tesla Model S was recently named the most expensive car to insure in the United States. According to data from the Insurance Institute for Highway Safety, the Model S cost an average of US$1,789.48 in annual insurance paid. […]
CYBER CRIME: CLIENTS ARE DREAMING IF THEY THINK IT WON’T HAP
A senior underwriter has urged brokers to further educate their clients on cyber risk, saying criminals are still having alarming success with traditional methodology. Speaking at a webinar earlier this week, Gerry Power – Emergence’s national head of sales – told the 1,100 attendees that hacking was involved in 48% of breaches, while malicious software […]
NEW DATA REVEALS BROKER IMPACT ON SMEs
Demonstrating value-add can sometimes be a battle for brokers as consumers only see the biggest benefits of the relationship when it comes to claims time – however, one recent study has taken steps to quantify that benefit so brokers can show exactly how much they’re bringing to the table. Earlier this week, Vero released its […]
HOW CONTRACTUAL LIABILITY CAN IMPACT GENERAL LIABILITY
An expert has given his tips on navigating contractual liability and its relationship to general liability insurance cover. Glenn Eason, national liability manager at Solution Underwriting, said that insureds face exclusions on liability policies due to contractual liability – something brokers should be aware of. “General liability policy wordings will normally exclude contractual liability, although […]
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