Lloyd ’s of London has issued a market bulletin announcing that all cyber insurance providers should make explicit which exposures are covered , in an effort to protect customers , suppliers and syndicates from silent cyber threats . The new regulations will be phased in , with the first phase calling on first - party property insurance risk providers to contain explicit warnings on whether coverage for cyber risks is included or excluded . Various cargo , energy , marine , aviation , farming and terrorism lines will need to meet the requirements . Further phases will be followed through deliberations with a market working group , with details expected early in 2020 .
Lloyd’s of London has issued a market bulletin announcing that all cyber insurance policies should make explicit which exposures are covered, in an effort to protect customers, brokers and syndicates from silent cyber threats. The new regulations will be phased in, with the first requirements calling on first-party property damage risk policies to contain explicit language on whether coverage for cyber risks is included or excluded. Various cargo, energy, marine, engineering, farming and terrorism lines will need to meet the requirements. Further phases will be established through deliberations with a market working group, with details expected early in 2020.