10 December 2021

Guidance for Handling a Ransomware Incident

Following an initiative led by the LMA's Cyber Claims Committee, Guidance for Handling a Ransomware Incident has been published. The guidance has been produced in conjunction with London market insurers, brokers and industry experts. It is intended to provide guidance to insurers for handling ransomware incidents impacting an insured. The guidance is general in nature and does not override specific laws and regulations that may apply. It also does not deal with ascertaining coverage. Where appropriate, legal advice should be obtained.

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The guidance was launched with Lloyd's Market Bulletin Y5359, which was published on 10 December 2021.