Cyber Underwriting Group

Underwriting Homepage

IUA Contacts:
 Helen Dalziel   Madeleine Fox    Tom Hughes  

The IUA’s Cyber Underwriting Group was established in 2014 to provide a forum for underwriters offering specialist cyber risk coverage in the London company market. In addition the IUA operates a Cyber Reinsurance Committee and a Non-affirmative and Newly-affirmative Cyber Committee.

Supply Chain Risk in the Cyber Insurance Market

In October 2023 the IUA's Cyber Underwriting Group, in association with CyberCube, published a research paper designed to help insurers, brokers and clients obtain a greater understanding of the exposures involved in cyber supply chain risk. It examines the rise of cyber risk accumulation events and the need for (re)insurers to pay attention to Single Points of Failure. The research also includes a number of case studies highlighting the impacts on supply chains of various cyber attacks. Each case study lists key lessons learned and discusses how losses can be modelled for the threat in question. Regulatory approaches to cyber modelling are addressed, including points raised by the Prudential Regulatory Authority’s Insurance Stress Test exercise, and there is a debate on the reasons for diverging approaches of different cyber loss models. The report may be freely downloaded below and is accompanied by a media release .

Supply Chain Risk in the Cyber Insurance Market   

Cyber Risks and Insurance

An introduction to cross class liabilities
In January 2016 the IUA published a cyber risks research paper in conjunction with Norton Rose Fulbright LLP. Entitled ‘Cyber Risks and Insurance – an introduction to cross class liabilities’, the paper is an analysis of whether and how conventional lines of insurance might provide cover in respect of the ever-expanding scope of cyber risk which is now faced by organisations in a broad range of locations and industry sectors. It is available to download via the link below.
Cyber Risks and Insurance

Cyber and Business Interruption

In July 2018 the IUA's Cyber Underwriting Group published a report looking at cyber risks and business interruption policies. It is available to download via the link below.
Cyber Insurance and Business Interruption

Model Cyber Clause Library    

A reference document of clauses published to address non-affirmative cyber risk.