Cyber Issues

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Delta signs international deal

New Zealand-headquartered insurance business Delta Insurance Group has signed an agreement with London-based specialty Lloyd’s-of-London reinsurance brokers Prospect Insurance Brokers to market and distribute Delta&...

SPOTLIGHT ON

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Cyber attacks and the insurance response

by Andrew Horne, Minter Ellison Rudd Watts

New Zealand’s stock exchange, NZX, suffered cyber-attacks on six consecutive working days earlier this year.  The attacks left it unable to facilitate trading in shares, in its debt market, the Fonterra shareholders’ ma...

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Cyber attacks hit close to home

NZX hack a reminder that any business can fall victim. By Angela Cuming

2020 has exposed our vulnerabilities in unexpected and worrying ways. The ongoing Covid-19 crisis serves as a grim reminder that global pandemics are a real and recurring threat, while the recent cyberattacks on the New Zealand Sto...

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Insurtech can give traditional insurance a lift

New technology can be a benefit, not a threat, to the industry. By Gallagher...

Insurers know their customers’ lives are being shaped and transformed by new technologies. These technologies are also rapidly transforming the insurance industry, which in undergoing an ecosystem disruption, largely caused by...

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Rogue employees - The insider threat

Cyber threats aren’t just from hackers outside your business.

The greatest threat to your company and network is not the hackers and crackers on the outside trying to get in but your own employees who want to cause mischief or who inadvertently cause damage from within.   A determined...

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Cyber risk product aims to fill market gap

Delta Insurance has partnered with global security leader DynaRisk to deliver a cyber-protection and insurance product for businesses and their employees and customers across the Asia-Pacific region.  Delta Insurance Group...

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Data protection - the perfect storm to justify ...

By Minter Ellison Rudd Watts

In 2018, there were more than 2000 data breaches reported to CERT NZ – just the tip of a now mammoth iceberg affecting the personal and confidential information of millions of people and businesses globally.  The...

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New insurance products virtual and intangible

New products available to insurance brokers in 2019 are a sign of the times, ...

Cyber cover is here; crypto still to come Great technology comes with great responsibility, and the insurance industry calls this “emerging risks”.  While self-driving cars aren’t quite in New Zealand...

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It’s time to remove the insurance disclosure re...

A good case can be made for a radical change to insurance disclosure law, from an emphasis on non-disclosure to one on misrepresentation. This was the path which the UK reform took, and this option needs an in-depth analysis. What this...

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Boosting your online presence

It’s time broker businesses went social - by Nichole Brown

With the growth of social media and the dominance of online businesses, building your brand online should be a part of any successful business model and strategy. Insurance isn’t a typically social business, but social media can...

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Brokers told to adapt for online world

Brokers need to adapt the way they operate to capture businesspeople who want to research and do business online, a report suggests. Vero released its latest SME Index, which showed that more than three-quarters of the owners of...

Live News

Survey shows New Zealand businesses aren't full...

New Zealand businesses are not as prepared as they should be when it comes to dealing with emerging risks, a new survey shows. Marsh’s seventh survey of risk, conducted in September across a range of Kiwi organisations,...

Live News

Kiwis worry about online security

New Zealanders are more concerned about data security issues spanning identity theft, credit card fraud and internet viruses or hacking, than natural disasters or terrorism. That’s according to the 2018 Unisys Security Index....

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BIG DATA will change world of insurance

The big data revolution isn’t coming - it’s already started, and it will change insurance in at least two key ways.  The first big change will see insurers being able to build a much deeper and more accurate...

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Kiwi firms at risk of becoming zombies

Despite an overall increase in business confidence, companies are not prepared for the impact of disruption, a new survey suggests. The Suncorp New Zealand Business Success Index  found that while 78% of businesses reported...

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