The insurance of cyber risk continues to evolve as the world increasingly becomes ever more digitised and interconnected. 2021 was a defining year for the cyber market – with significant rate increases in both the insurance and reinsurance markets and pressure building on carriers to clarify whether the peril of cyber is covered under non-cyber (re)insurance policies. To understand the reasons behind these dynamics, it is necessary to take a deep dive into the risk of cyber, how it happens, why it happens, and the consequences.

In this Insurance Institute of London (IIL) financial services webinar, Chantal Constable, Head of London Markets, Growth and Innovation - Insurance, CGI, and Sean Devaney, Vice President, Strategy, Banking, CGI, demystify Open Banking in the UK and identified ‘the good the bad and the ugly’; lessons learned, opportunities created and those that were missed. They will discuss the data used in Open Banking, the standards that enable it as well as participation model and ecosystem development, highlighting the security considerations of a connected network, and the opportunity for the insurance industry to learn from these.

In this Insurance Institute of London (IIL) marine and energy webinar, John Minton, CEO, The Minton, Treharne and Davies Group, explained the historical claim issues that we have faced as a market and the problems we face today with the changing world. The overall learning objective fosters an understanding of how oil is shipped, what can go wrong and how we, as a market, can manage the insurance exposure.

2020/21 CII Claims New Generation Group research highlighting the potential impact of technology on the race to reskill.