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The attacks are driving better underwriting and higher premiums with sustainable loss ratios, despite media reports of major disruptions and high ransoms. “In a way, the headlines are right —…
Read More “Ransomware Losses Are Good for the Cyber Insurance Industry: CyberCube CEO” »
“Some ransomware gangs are even actively seeking to target victims with cybersecurity policies because they believe that’s the best way to guarantee they’ll make money from encryption campaigns:” reports ZDNet,…
Read More “Does Cyber Insurance Attract Attacks from Ransomware Rings?” »
It addresses the problem of uninformed insurance pros trying to sell or price cybersecurity insurance, as discussed here. “We launched that product just over a year ago now, and it…
Read More “CyberCube Touts Cyber Insurance Tool for Brokers” »
“Howden’s research finds that global cyber insurance pricing has increased by an average of 32% year-on-year in June 2021 on the back of a 50% rise since data tracking began….
Read More “Global Cyber Insurance Pricing Increases 32% YoY (June): Howden Report” »
American International Group Inc (AIG.N) boosts cyber premium rates almost 40% globally and is now reducing coverage limits. “We continue to carefully reduce cyber limits and are obtaining tighter terms…
Read More “AIG: We’re Reducing Cyber Insurance Coverage Limits as Our Premiums Jump 40% ” »
A July 2021 survey by the Chartered Insurance Institute (CII) highlights a lack of training among insurance personnel involved with cybersecurity policies. “Almost six out of 10 insurance professionals polled…
Most consumers don’t know personal cyber insurance is available, according to the team behind “The Digital-Life Insurance.” The solution includes an AI chatbot to create a digital fingerprint of customers…
Read More “New Personal Cyber Insurance Offered by Connected Insurance & Swiss Re ” »
Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate…
Read More “Ramping Cyber Insurance Premiums Help Hiscox Hit Profitability in H1 2021 ” »
Makes more sense when you learn the company says it’s passed $160 million in ARR and 800% YOY premium growth. Source: Cyber insurance startup At-Bay raises $185 mln at $1.35…
Read More “$1.35 Billion Valuation for AT-Bay as It Raises $185 million ” »
Chubb Ltd. CEO Evan Greenberg worries: “The pricing environment is pretty good…(But) that is not addressing by itself, the fundamental issue…. Like pandemic, cyber has a catastrophe profile to it.”…