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Data privacy and security compliance were identified as the primary concerns of 75% of global insurers and 83% of their New Zealand and Australian counterparts, according to a Gallagher Bassett survey. The claims and risk man...
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Cyber-attacks are on the rise and it’s not only big businesses that are affec...
In New Zealand, CERT NZ 1 responded to 1,530 cyber security incidents in the first quarter of 2024, which resulted in $6.6m direct financial loss. And if you think having cyber security measures in place affords enough protection,...Feature
The global insurance and reinsurance industry is expected to avoid major financial repercussions from the internet service disruption caused by a faulty security software update from CrowdStrike, according to Fitch Ratings. I...
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The Marsh McLennan Global Risks Report 2024 captures insights from nearly 1,500 business leaders and experts worldwide, providing a short-, medium- and longer-term perspective on unfolding risk to help organisations make informed,...
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Cyber specialist underwriting agency Emergence NZ Limited has launched a major upgrade to its key product’s policy wording. The revamp to Emergence’s Cyber Event Protection policy, marketed to brokers as CEP-005,...
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This year has seen a “worrying resurgence” in ransomware and extortion claims, Allianz Commercial warned in a new report. Following two years of high but stable loss activity, dangerous online activity is on the...
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Cyber insurance specialist Emergence has launched in New Zealand, hiring a well-known face from the industry to lead its push from across the Tasman. Emergence Insurance CEO Troy Filipcevic said New Zealand was always part of his...
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by Andy Beven, liability & cyber underwriting manager at NZI
Andy Beven, liability & cyber underwriting manager at NZI, breaks down common cyber security myths that could be holding businesses back. Many business owners are unaware of the growing threat of cyber-attacks and are...Feature
Philip van Zyl, chief executive officer of Sedgwick New Zealand, shares his t...
What are the biggest challenges facing loss adjusting and the wider insurance sector right now? Staff resourcing appears to be the perennial challenge that loss adjusters face, as do insurers and brokers. Whether we...Feature
by Daniel Lowe, Vero Liability
That’s like selling them Motor Insurance to stop road accidents . And speaking of Motor cover, probably the most basic thing you sell your clients, they still need to have roadworthy vehicles (warranted) with proven...
