Cyber and Technology Risks
Cyber insurance emerged in the late 1990s as a result of the growing reliance on technology and the increase of cyberthreats. Initially, it focused on data breaches and computer attacks, but over time, expanded to cover a broad range of cybercrimes, including ransomware, cyber extortion, social engineering attacks, system failures and business interruptions from cybersecurity incidents.
Cyber insurance has its origins in errors and omissions (E&O) insurance, a separate form of insurance that protects against faults and defects in the services a company provides. E&O insurance is analogous to product liability policies for companies that sell physical or digital products.
Risks of the Future
Resilience in game changing environment
No one wants to be at the sharp end of a cyber-attack. Our Full Spectrum Cyber solution keeps you ahead in the battle against cybercrime. So you can look forward with confidence, knowing the best team in the business has your back.
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
From humble beginnings in a coffee shop by the Thames in the 1680’s, the stories written into our nearly 350 years of history have always been at the heart of making progress.
As a maritime nation expanded its influence and established trading routes across the globe, Edward Lloyd's coffee shop by the river Thames became the centre of marine intelligence and founded the modern insurance industry.
As industrialisation and the age of machines brought momentous changes to society, Lloyd’s grasped the opportunities to pioneer innovative new insurance solutions for previously undreamt of risk, from flight to new fangled ‘ships navigating on land’.
The rise of electronics, telecommunications and computers opened the doors to space expeditions, research and, most importantly, information on the cold truths of a warming planet.
As we better understand the promise of huge advancements in the way we live and work and interact, tempered with the perils of systemic risk, Lloyd’s continues to evolve and build partnerships to create more resilience and greater ability to harness the changes coming in the next chapter of human development.
