By Lawrence White

LONDON (Reuters) – Does a cancelled gym membership spell financial disaster?

That is the type of question British banks are asking as they try to work out whether borrowers owing some 75 billion pounds ($96 billion) in home loans will be good for it when a payment holiday, introduced when the coronavirus crisis first hit, ends.

Lenders are scouring current account transactions, credit card spending and trends in Internet searches for clues about customer finances as part of a wider effort to understand the damage to their portfolios from the pandemic.

The once-in-a-lifetime mix of economic shutdowns, unprecedented government support and an uncertain path to recovery have upended old risk models, based on historical data, necessitating a more dynamic, forward-looking way of analysing lending risk. The searches involve pouring over anonymised data and are a way of surveying overall risk rather than individual customer habits.

The stakes are high: underestimate the risks and bank bosses and shareholders could be in for a nasty jump in losses, overestimate them and banks could rein in lending when it is needed most.

Executives at Britain’s top banks say calculating the hit to loans, from mortgages to corporate debt, is the biggest risk management challenge they have seen since the 2008 crisis.

“This time there is economic volatility beyond what we have ever seen, there is unprecedented government support, and to try and model it all with 100% accuracy is impossible,” said Matt Waymark, director of finance at NatWest Group <NWG.L>.

Some 300 billion pounds in payment breaks were granted on British mortgages, part of a series of measures aimed at propping up households hit by the virus, and around 70-80% of those have resumed payments, bankers and analysts told Reuters.

That leaves nearly $100 billion outstanding at a time when

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (Heraldkeepers) —
Summary

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The key players covered in this study
XL
AIG
Berkshire Hathaway
Zurich Insurance
Chubb
AON
Bin Insurer
Lockton
Security Scorecard
Allianz
Munich Re

Market segment by Type, the product can be split into
Small Medium Enterprises (SMEs)
Large Enterprises

Market segment by Application, split into
Healthcare
Retail
BFSI
IT & Telecom
Manufacturing

Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of

Cyber Security Insurance Market From 2020-2026: Growth

The Cyber Security Insurance Market research report  includes Market Size, Upstream Situation, Market Segmentation, Cyber Security Insurance Market Segmentation, Price & Cost And Industry Environment. In addition, the report outlines the factors driving industry growth and the description of market channels. The Cyber Security Insurance Market profile also contains descriptions of the leading topmost manufactures/players like (XL, AIG, Berkshire Hathaway, Zurich Insurance, Chubb, AON, Bin Insurer, Lockton, Security Scorecard, Allianz, Munich Re,) which including Capacity, Production, Price, Revenue, Cost, Gross, Gross Margin, Growth Rate, Import, Export, Cyber Security Insurance Market Share and Technological Developments. It covers Regional Segment Analysis, Type, Application, Major Manufactures, Cyber Security Insurance Industry Chain Analysis, Competitive Insights and Macroeconomic Analysis.

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Distributors, Dealers, Suppliers, and Manufacturers
Major Service Providers, Huge Corporates and Industries
Existing and Current Cyber Security Insurance Market Players, Private Organizations, Event Managers and Annual Product Launchers
Instantaneous of Cyber Security Insurance Market: Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities.

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☑ Healthcare
☑ Retail
☑ BFSI
☑ IT & Telecom
☑ Manufacturing

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☑ Small Medium Enterprises (SMEs)
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