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News
Liberty Specialty adds free security consultation for political risk policyholders
6+ day, 5+ hour ago (401+ words) Liberty Specialty Markets has introduced a new benefit for eligible political risk insurance policyholders -- a one-off advisory consultation with Blackthorn Risk Group, an independent security consultancy, at no additional charge for the defined scope of the session. The consultation must…...
40% of large firms underinsured amid cybercrime surge
1+ week, 3+ day ago (420+ words) AI is lowering the cost and complexity of launching cyber incidents — enabling scammers to commit breaches at unprecedented speed and amplifying the need for proper insurance. One in four cyber breaches were AI-enabled in the first half of 2026, driving up…...
Why Corporate Resilience Is Moving From Insurance to Operating Design
1+ week, 6+ day ago (1086+ words) Monday, 31 August 2026 For decades, companies often treated resilience as something purchased after the operating model had already been designed. Insurance transferred part of the financial cost of disruption. Business-continuity plans described what to do when a site, system or supplier…...
APRA's chair just linked AI to cyber risk. World's top regulator just said the same thing
1+ week, 6+ day ago (221+ words) Launching APRA's 2026-27 Corporate Plan at a media conference on 19 August, chair John Lonsdale told reporters that rapid developments in frontier AI had further heightened the cyber threat facing APRA-regulated entities, listing it alongside geopolitical risk as one of the biggest…...
Two in five Singapore firms plan cyber insurance within 12 months
2+ week, 11+ hour ago (291+ words) Deepfake or voice-cloning attacks affected 39% of respondents. Cyber insurance is becoming a higher priority for Singapore organisations as the growing use of artificial intelligence (AI) exposes businesses to new cyber risks, according to ESET’s Enterprise Cybersecurity Report 2026. Some 36% of organisations…...
'Cognizant alerts customers about cyber attack': AI company offers $1 million insurance policy to customers...
3+ week, 2+ day ago (222+ words) IT services giant Cognizant has alerted affected customers about a security data breach, reported business portal, MoneyControl. To help protect those whose personal data was exposed, the company is providing free protection services, including a $1 million or ₹9.50 crore identity theft…...
Cyber policy wordings have potential to provide unintended AI cover – IUA
3+ week, 3+ day ago (1202+ words) Although believing that artificial intelligence is ‘an insurable exposure’, explicit coverage is still hard to find as use cases around the technology continue to evolve and differ vastly between businesses, says underwriting director Common clauses cited within cyber insurance policies…...
Gallagher Re launches Digital Risk Practice
3+ week, 4+ day ago (48+ words) Captive Insurance Times Gallagher Re launches Digital Risk Practice Gallagher Re launches a Digital Risk Practice, bringing together specialist expertise in AI liability, data centres, cyber and digital risk engineering to help insurers and reinsurers understand, quantify and manage evolving…...
Gallagher Re creates digital risk unit as AI reshapes accumulation
3+ week, 5+ day ago (431+ words) Gallagher Re has launched a digital risk practice, pulling AI liability, data centres, cyber, and digital risk engineering into a single advisory function. The move comes as technology-driven accumulation exposures increasingly cut across multiple insurance lines simultaneously. Ian Newman leads…...
How cyber insurance gaps can leave factory damage uncovered
3+ week, 5+ day ago (682+ words) Production shutdowns can outweigh data theft for industrial operators. A ransomware attack that reaches a factory floor can do more than lock files. It can stop machinery, halt production, and disrupt supply chains. But when the damage turns physical, manufacturers…...