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Strengthening the industry’s cyber resilience: Insights into the implementation of the Digital Operational Resilience Act

Cyprus Insurance News Team
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Florence Lustman, President, France Assureurs The increasing digitalisation of the economy has sparked concerns among policymakers, businesses, citizens, and entire sectors, as this trend also increases the threat of cyber risk. With the adoption of the 2016 Network and Information System (NIS1) Directive, the EU saw its first-ever cybersecurity and reporting requirements for operators of […]

Retail Investment: Value for Money

Cyprus Insurance News Team
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Written by Pablo Pernía Martin: Vice-chair, Conduct of Business Committee, Insurance Europe and Director of the Legal Department, VIDACAIXA, Spain Ensuring consumers get products that best meet their needs Risk coverage is a complex business whose ultimate objective is to protect the client. Providing value for money is a priority for the insurance industry. Insurers […]

GDPR: Time for a second look

From William Vidonja, Head of Conduct of Business, Insurance Europe Data is at the core of the insurance sector. Without data, insurers would be unable to assess the risks consumers wish to be protected against, develop and price their policies, process consumers’ claims or spot fraud. As data processing lies at the very heart of […]

2024: An important election year

Written by Michaela Koller, Director-General, Insurance Europe 2024 is a pivotal year for global politics, with elections impacting half the world.  In the EU, citizens took to the polls to elect the next European Parliament which  sits for the first time on 16 July. The elections kick-started a series of institutional changes, including the European […]

Demystifying Professional Indemnity (PI) Insurance: Basic Concepts in a Global Environment

Written by Stelios Miltiadou, Chartered Insurer Professional Indemnity (PI) Insurance, also known as Professional Liability or Errors & Omissions (E&O) typically constitutes a segment of Financial Lines departments, which may also be named as FinPro or simply Professional Lines. What is at risk? Insurance is form of risk management, specifically it is a pre-loss risk […]

Ideal Insurance: The importance of personal accident insurance

Πανος Τσιολης
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Personal Accident Insurance is a type of insurance policy designed to provide financial protection in the event of an accident that leads to bodily injury, disability, or death. Unlike health insurance, which covers medical expenses, it focuses on providing financial support for individuals and their families during challenging times. Key benefits of personal accident insurance Coverage for […]

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