Maritime Cyber Risk Insurance: Emerging Issues and Solutions

Document Type : Original Article

Authors

1 Associate Professor of Law. Shahid Beheshti University

2 Ph.D. Student - Shahid Beheshti University - Faculty of Law

10.48308/jlr.2024.228892.2320

Abstract

With the expansion of the use of new technologies in the field of maritime transport and the inevitability of connecting different parts of the field, cyber hazards have become one of the serious threats in this field. It is therefore necessary to cover these risks under insurance coverage. However, since the different dimensions of this type of risk are not very clear to insurers; They are hesitant to provide insurance coverage for this type of risk and even try to exclude these risks in the common marine insurance. This ambiguous situation also affects the rights of insureds. Therefore, it is necessary to become familiar with the concept of marine cyberattacks and the damages that are usually covered, the legal status of the usual marine insurance covering this kind of the risks, and the legal tools for determining and managing these risks in case they would be covered so that the insurer and the insurer can more confidently enter into a contractual relationship by learning more about their rights and obligations. Consequently, this article has tried to provide a good basis for covering these risks by providing legal certainty through a new analysis of existing marine insurance legal institutions and the way that these institutions are used, with a descriptive and analytical approach, while providing an understanding of concepts related to marine cyberattacks and examining the scope of common maritime insurance coverage on cyber hazards.

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Articles in Press, Accepted Manuscript
Available Online from 19 June 2024
  • Receive Date: 21 September 2022
  • Revise Date: 19 April 2024
  • Accept Date: 19 June 2024