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Drones Take Flight: Key issues for insurance

tarih: Ağustos 05, 2019

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Manufacturers' cyber risk is about a lot more than data breach

In March, Norsk Hydro ASA, one of the world ’s largest aluminium producers, experienced production outages after being hit with ransomware that affected the manufacturer ’s operations in Europe and the United States. While Norsk Hydro has cyber insurance, according to reports from Bloomberg, manufacturers more broadly often have lacklustre cyber policies in place that don ’t provide enough coverage, and the industry on the whole is the victim of the second highest number of cyberattacks, directly behind healthcare. There are a number of reasons why manufacturers are at a disadvantage when it comes to cyber threats. Deloitte ’s “Global Cyber Executive Briefing – Manufacturing” revealed that many manufacturing systems were developed during a time when security wasn ’t as big of an issue, and the focus of the technology has mainly been on performance and safety, rather than security. Moreover, because these systems are so complex, the network infrastructures are extremely specialised, w...

Staysure retains 'most trusted' title

Staysure has done it again – bagging the ‘Most Trusted Travel Insurance Provider ’ recognition at the Moneywise Customer Service Awards for the second consecutive year. Recognising the UK ’s most respected financial services companies, this year ’s Customer Service Awards were based on feedback from 40,000 consumers. The likes of banks, insurance firms, and peer-to-peer lenders were rated on their customer service over the past year. “We take great pride in once again being named the UK ’s most trusted travel insurance provider,” commented Staysure chair Ryan Howsam. “The fact that we have won for the second year in a row is testament to our high standards, which we constantly strive to maintain. “There ’s no better validation of the team ’s continued effort and commitment to our customers.” According to the over 50s insurance and financial services specialist, it was commended for its care taken in every case, as well as its sustained commitment to an ever-expanding clie...

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