![]() |
Morningstar DBRS released a commentary about cyber insurance as a risk mitigating tool against enhanced cyber risks affecting corporates, small and medium-size enterprises (SMEs), and banks in Europe. |
Key highlights include: European corporates, SMEs, and financial institutions are facing increasing exposure to cyber attacks, with ransomware, data breaches, and supply chain disruptions becoming more frequent and severe. Cyber risks constitute one of the largest emerging threats to banks and a potential source of financial instability. Cyber insurance is gaining traction as a strategic complement to internal cybersecurity measures, especially as firms seek to mitigate potential financial, legal, and reputational losses. While adoption is increasing among large banks and corporates, penetration among SMEs remains low as a result of cost, awareness, and policy complexity. "Cyber insurance can help mitigate financial losses generated by malicious and non-malicious cyber threats, especially for entities with limited defenses in place", says Mario De Cicco, Vice President, Global Insurance and Pension Ratings at Morningstar DBRS.
"However, because of the dynamic nature of these risks, the fast-changing operating environment, and the potentially high financial impact of cyber events, (re)insurance companies need to prove their capability to effectively assess and price cyber risks". |
|
|
|
Specialist Pensions Consultant | ||
London / remote - Negotiable |
Business Development Actuary - Pensions | ||
London / hybrid - Negotiable |
Make your mark in insurance consulting | ||
London/hybrid 2-3dpw office-based - Negotiable |
FTC: Financial Risk Manager | ||
London/hybrid 2-3dpw office-based - Negotiable |
Pricing Actuary (Retail) | ||
London/Hybrid - £130,000 Per Annum |
Capital excellence in the capital - S... | ||
London - Negotiable |
Life Reinsurance Associate - Bermuda | ||
Bermuda - Negotiable |
Life Reinsurance Director - Bermuda | ||
Bermuda - Negotiable |
Scotland - the price is right! | ||
Scotland / hybrid 2-3 dpw office-based - Negotiable |
Projects Actuary | ||
South East / hybrid 1-2 dpm office-based - Negotiable |
Technical Business Analyst - Internat... | ||
Bermuda - Negotiable |
Senior Pensions Manager - Assurance | ||
Flexible / hybrid 2-3 days p/w office-based - Negotiable |
Head of Pricing | ||
London - Negotiable |
Consultancy Bonanza! | ||
UK-wide / London / hybrid - Negotiable |
Service Delivery Manager - Pensions | ||
Scotland / remote / 2 dpm in the office - Negotiable |
Life Actuarial Student – Risk | ||
Glasgow / hybrid 2 dpw office-based - Negotiable |
ALM Strategy Specialist | ||
Bermuda - Negotiable |
Senior Casualty Reinsurance Actuary | ||
London - £140,000 Per Annum |
Senior Pensions Administrator - Midlands | ||
Birmingham / hybrid - Negotiable |
Senior Pensions Administrator - Scotland | ||
Scotland / hybrid 2 days per month office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.