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International

UK's Pool Re scheme may be extended to cover cyber attacks

January 23, 2023 Reprints

The U.K. government-backed terrorism reinsurer Pool Reinsurance Co. Ltd. may extend its coverage to include state-sponsored and war-related cyber attacks, Tech Monitor reported. Insurers are struggling to adapt to the growing cyber threat facing businesses and many insurers are not willing to underwrite these risks due to fears of heavy losses.

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UK's Pool Re scheme may be extended to cover cyber attacks

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