With rising cyber-crime highlighting vulnerabilities in digital dependency and the efforts by policymakers to establish frameworks to protect the rights of individuals and business, digital security awareness and resilience is one of the highest priority items on all agendas.Download
This publication written by Elena Jelmini Cellerini and Christian Lang looks at the consequences of a data breach in Europe
and compares the situations in Europe and the US with regard to the
major features of such an event. It provides a snapshot of where the
discussion stands at the beginning of 2017, about one and a half years
before the new European General Data Protection Regulation (GDPR)
will come into force. Watching the case law developing, in particular in
the UK which has taken some landmark decisions in this area, is also
an indicator for where Europe seems to be heading. The UK intends to
implement the GDPR in spite of Brexit.
For over 20 years, North American healthcare institutions have trusted our healthcare group with their risk management needs. Backed by the financial strength of Swiss Re, we offer a wide range of superior, innovative risk transfer products and services. We understand that every business is different, so as our client, we would tailor our solutions to your exposure.Download
Backed by the financial strength of the Swiss Re Group, over 150 years of experience and significant capacity, Swiss Re Corporate Solutions can solve your risk management and risk financing needs. We are a full-service insurance provider that offers more than 50 products across a broad variety of sectors – from healthcare systems to Fortune 100 companies with complex property, casualty and financial service needs.Download
Following several high-profile cyber security breaches over recent years, a growing number of corporations perceive cyber as a high risk. Swiss Re therefore expects the demand for cyber insurance to rise. These are the findings of a joint study Swiss Re and the IBM Institute for Business Value conducted this year.Download
According to the United States-based identity Theft Resource Center, there have been more than 5 800 security breaches between 2005 and December 2015 in the US alone, during which hackers accessed third-party computer networks, stealing personal information including names, addresses, credit card numbers, PIN-codes, social security numbers and other financial information. In these breaches, more than 847m records were exposed. This paper considers the various losses and expenses these attacked companies face in the wake of a data breach and how widely used policy wordings respond to these issues. It also looks at how breached companies respond to a data breach, from a US perspective. The authors of this publication are Elena Jelmini Cellerini, Christian Lang, Catherine Lyle, Carol Kreiling and Ulrich Werwigk.
The liability insurance market in Asia is currently small, but is expected to offer significant growth opportunities in the coming years. In 2014, around 8% of global liability premiums, or about USD 12 billion, came out of Asia. The market has been
growing rapidly: between 2007 and 2014, liability premiums in Asia grew by 10% per annum, compared with average global growth of just 1%. Liability premium growth is expected to average 8% annually between 2015 and 2020, compared with 6% growth globally. Liability penetration in Asia is low at 0.05% of gross domestic product (GDP) compared to 0.2% globally. The main reasons for low take-up are lack of product awareness, lax regulation and the not-so litigious culture in the region.
The digital revolution is affecting nearly all aspects of everyday life. Society and business have become increasingly reliant on technology and the internet. As a result, the availability and security of all services we rely on for daily life, particularly financial services, are exposed to cyber threats and cyber risk.Download
Die Haftpflichtschäden fielen in den letzten Jahren geringer aus als erwartet. Dadurch hat sich die Profitabilität der Versicherer trotz sinkender Preise für Haftpflichtrisiken verbessert, wie die jüngste sigma-Studie «Schadentrends in der Haftpflichtversicherung: Neue Risiken und sich verstärkende wirtschaftliche Einflussfaktoren» von Swiss Re erläutert.Download
Liability claims have been lower-than-expected in recent years. This has boosted insurers' profitability despite declining liability prices, says Swiss Re's latest sigma study "Liability claims trends: emerging risks and rebounding drivers". The weak economic growth environment has been a key reason for benign claims. However, new risks and stronger economic growth will increase claims severity and generate more demand for liability insurance.Download
Los siniestros de responsabilidad civil han sido menores de lo previsto en los últimos años. Esto ha aumentado los beneficios de las aseguradoras a pesar del descenso de los precios de las pólizas de responsabilidad civil, según indica el último estudio sigma de Swiss Re «Tendencias de crecimiento de los siniestros de responsabilidad civil: riesgos emergentes y repunte de los factores económicos».Download
La sinistralité en responsabilité civile a été plus basse que prévu au cours des dernières années. Cela a stimulé la rentabilité des assureurs en dépit du recul des prix dans la branche RC, selon la dernière étude sigma de Swiss Re intitulée « Les tendances de la sinistralité en responsabilité civile : risques émergents et recrudescence des facteurs économiques »Download
07 July 2019
23 May 2019