Digital transformation is changing every aspect of the business landscape at an exponential pace, bringing the full force of innovation and disruption to all sectors and markets says Allied World’s senior vice president, Hong Kong country manager & head of general casualty, Asia Pacific, Jotu Shohtoku.
Bermuda was cited by underwriters at several large insurers, speaking to StrategicRISK about potential jurisdictions outside the EU that brokers are suggesting could be used to insure GDPR fines
Cyber insurance premium has grown at 23% annually on average over the past five years, according to Aon
Insurance broker Aon and legal firm DLA Piper have reviewed the insurability of GDPR fines in jurisdictions across Europe
A study commissioned by Veritas said consumers are planning to request data, particularly from insurance companies
About half of firms will still not be ready for GDPR by the time the 25 May deadline is reached, studies by Cordium and KPMG suggest