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Technology, Regulation

Prediction: New cyber and data protection regulation will drive uptake of cover and notification of losses

Technology, Regulation
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Prediction

While the new cyber regulation has been in place for the last year, the new Data Protection regulation will come into force by the end of 2026, both of which establish standards of protection for systems and data respectively, also requiring notice of breaches and setting out fines and penalties for those who do not comply. Consequently, it is expected that notification of cyber losses to insurers will increase, along with interest in cyber-related insurance by large corporations.

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