The term "human error" is too often used to imply that employees are to blame for cyber breaches. In reality, inadequate security cultures facilitate people-centred attacks.  

The ISA’s cyber-risk handbooks (also available for US, UK, Japan and Latin America) are an attempt to provide Board members with a simple and coherent framework to understand cyber risk, as well as a series of straight-forward questions for Boards to ask management to assure that their organisation is properly addressing its unique cyber-risk posture.

AIG Belgium is the winner of the DECAVI 2020 Cyber Risk Award with its CyberEdge product.

There is a growing emerging risk of securities class action lawsuits for international large cap companies with ADRs in the US. This situation is ongoing and developing, and companies need to understand their risk and look to mitigate their exposure. 

Securities Class Action (SCA) filings against companies domiciled outside the US continued at a heightened frequency through Q3 2019.

Cyber is one of the most volatile and unpredictable risk facing businesses today. As one of the world’s leading cyber insurers we have handled thousands of cyber claims. Our patented underwriting model leverages insights from this deep claims experience and from numerous data sets to model a client’ s cyber risk in economic terms. The resulting reports help businesses better understand and prepare for the cyber risks they face.

Business travel is on the increase. Between 2016 and early 2019, average travel spend among European organisations more than doubled. After China and the US, Germany, Japan and the UK are the top markets in terms of business travel spend. According to recent research, 30% of European corporate travellers fly once a month and over 60% fly at least once a year.

Class action filings against companies headquartered outside the US continued at elevated levels in the first half of 2019.

Business email compromise (BEC) has overtaken ransomware and data breach by hackers as the main driver of AIG EMEA cyber claims, according to the latest cyber claims statistics. Nearly a quarter of reported incidents in 2018 were due to business email compromise (BEC), up significantly from 11% in 2017.   Ransomware, data breach by hackers and data breach due to employee negligence were the other main breach types in 2018.

Kristof De Bremme, Global Head of marine, AIG and Dr. Robin Niblett, Director, Chatham House explain how the growth of intra-regional trade is introducing new exposures and choke points as a result of increased volumes and changing geopolitics.

In our US Securities Class Action Bulletin we analyse the latest data on US securities class action filings from Stanford School of Law, and identify the trends behind the numbers. The aim is to inform stakeholders at a time when class action lawsuits have hit a record high, giving clients and brokers the most up-to-date information on what is driving the challenging claims environment and, in particular, actions against foreign filers. This article reviews the full year trends for 2018 and looks ahead to what 2019 may hold.

Although companies are aware of cyber risk generally, obstacles to purchase typically relate to uncertainty about the exposures actually faced by their business as well as a misunderstanding of the scope and cost of coverage available. Below are a few suggestions to manage such objections.

Nowadays many companies become victim of a DDoS or ransomware attack. Most of the time the following questions arise: what caused the cyber incident and, more importantly, how do you solve it?

Today is Easter Monday and probably you will read this article later. Hopefully you have had a great Easter, but what if someone hacked your computer system during these days? Cyber ​​criminals do not take office hours into account and besides that, a cyber incident always comes unexpectedly. In this article we share two claims examples where, despite the circumstances, the insured could resume its work as quickly and efficiently as possible.

With the arrival of another new year, many of us will be busy celebrating various traditions which not only remind us of events from the past year, but which also imbue us with an optimistic feeling for what we might achieve in the months ahead.

On November 15th, AIG Belgium celebrated its 70th anniversary at the Koloniënpaleis in Tervuren. Over 350 attendees came together, including all AIG Belgium employees, partners and clients who all have been instrumental to the success of our company so far. The purpose of the event was to share a special moment together and most of all to thank our people and shareholders for the rewarding collaboration in the past 70 years.