Innovations and evolutions in the Global Insurance Sector
In the ever-evolving landscape of the global insurance market, trends are emerging that not only reflect the industry’s response to current economic conditions but also its adoption of innovation and compliance with regulatory changes. This article provides an overview of these trends, with a spotlight on regions experiencing rapid growth, notable regulatory developments, and breakthrough product offerings.
Beyond the Bubble: The Intersection of Insurance, Unicorn, and Zyrphicorn Companies
In the dynamic world of technology startups, “unicorns” – privately held startups valued at over $1 billion – have long been the symbols of peak innovation and market disruption. However, a new breed, termed “Zyrphicorns,” has emerged, signifying those unicorns that achieved their lofty valuations during the era of near-zero interest rates, notably between January 2020 and March 2022.
The King’s Guard: The Role of Directors and Officers Insurance in Corporate Governance
In the intricate game of chess, the protection of the king is the primary objective, around which all strategies revolve. This game’s fundamental principle mirrors the essence of corporate governance, where the safeguarding of company directors and officers against personal liability is crucial for the health and strategy of an organization.
The Queen’s Fortress: Cyber insurance at the forefront of strategic defense
In the realm of chess, the board is a kingdom under constant threat, each piece playing a pivotal role in the defense of its territory. This ancient game of strategy mirrors the modern battlefield of cybersecurity, where organizations deploy an array of defenses to protect their digital domain.
Compensation due to businesses following Operation Shomer Hamot
During the operation guarding the walls, damage was caused to many businesses throughout the country, both direct damage to property and loss of income. Also, as part of the operation, we were able to see that the circle of victims is much wider than what we were used to from previous operations. This, in light […]
Compensation Due to Businesses Following Operation Shomer Hamot
During the operation guarding the walls, the damage was caused to many businesses throughout the country, both direct damage to property and loss of income. Also, as part of the operation, we were able to see that the circle of victims is much wider than what we were used to from previous operations. This […]
About financial literacy and the connection to our pension savings
One of the main problems facing the average saver in Israel today is a low level of financial literacy. According to OECD, financial literacy is a process through which financial consumers improve their understanding of financial products through information, instructions and advice and thus develop skills and confidence that give them a higher awareness of […]
D&O Insurance and the 4,000 Case
According to recent publications, Mr. Shaul Alovich filed a claim against his Directors and Officers’ (D&O) liability insurance company to reimburse the defense costs paid to finance his defense in the 4,000 case. According to the indictment, Alovich, in his capacity as the Chairman of the board of Bezeq and Walla, bribed the former PM, […]
?A Better Place For D&Os
In light of the recent judgment of Judge Ofer Grosskopf in TA (Merkaz) 47032-05-16 Better Place (HT) 2009 Ltd. (In liquidation) and Others V. Shay Agassi and Others (“Better Place V. Agassi”) – Where Judge Gorskof approved a motion to dismiss by Better Place former Directors and Officers (“D&Os”) arises the question can D&Os now […]
?The End of Cyber Insurance
We are witnessing a continuous increase in cyber-events. As a result, the Cyber Insurance market is hardening. Rates and deductibles are increasing, underwriting guidelines have strict. Even insurers are starting to sub-limit ransomware coverage and applying coinsurance provisions under ransomware coverage. There are a few more things we should take under consideration which affect the […]
What happens if Berkovich has cyber insurance?
This week it was reported that the Instagram account of the legendary former footballer, Eyal Berkovic, was hacked and blocked. It was also reported that the hackers asked Berkovich for a ransom payment of $2,000 to be paid through Bitcoin, in order to release the account, which Berkovich refused to pay. In doing so, Berkovich […]
What is RUN OFF insurance?
Run-off insurance is directly related to claims-made insurances. These insurances are characterized by the fact that their trigger is not the date of occurrence of the event (Occurrence Basis) (common when the main coverage in them is bodily injury to property where it is clear when the event that activates the policy occurred), but the […]