The Leading Source for Cybersecurity Insurance News, Insights and Data
“…Corvus Signal™, the risk prevention solution that brings together brokers, policyholders, and Corvus security experts in partnership. Corvus Signal has been shown to reduce cyber breach frequency and cost by…
The magazine surveyed brokers, who provided the Top 10 list of criteria most important to brokers’ analysis of cyber insurers. The Top 5: coverage, claims payment/processing, underwriting expertise, cyber response…
Read More “Top Cyber Insurance Companies in the USA, According to Insurance Business America ” »
It’s been a “PR disaster” says the CEO of managing general agent (MGA) CFC, which has a Lloyd’s syndicate. The Lloyd’s announcement caused “panic” by making insurance buyers think that…
At-Bay reports the policy pricing cycle turns much faster for cyber coverage than many other kinds of risk. “Based on our data and exemplified in the chart above, there is…
Read More “Watch Out: The “Hard Cyber Insurance Market” Is Coming Back, Says At-Bay” »
“David Molony, Head of Aon’s Cyber Solutions for EMEA, acknowledges the significant shift in market dynamics, stating, ‘Where businesses were constrained by availability in 2021 and into 2022, it is…
Read More “Cyber Insurance Becoming Buyer-Friendly: Aon. Really & Will It Last? ” »
“Clients generally continued to increase their self-insured retentions (SIRs) early in 2022. As the market improved and pricing stabilized throughout the year, there began to be a decrease in SIRs…
Read More “Policy Holders Reducing Self Insurance & Buying More Cyber Coverage: Marsh” »
The market confusion largely began when Lloyd’s of London asked carriers to exclude most state-backed cyber attacks. “A policyholder can now face as many as five or six different kinds…
The practice says it was hit by a ransomware attack days after its coverage lapsed. “Gallagher had been working with Raleigh Radiology for months before the lapse to renew its…
Read More “Oops: Radiologists Sue Broker Over Lapsed Cyber Insurance Policy” »
This interesting report provides the “tick tock” of a ransomware attack on a small US bank, including the role of cyber insurance in the recovery. The details reveal the bank…
Read More “The Nightmare of a Ransomware Attack, Community Bank Version ” »
“‘Our research highlights that consumers are increasingly aware of the dangers of being online and are looking for a simple and easy all-in-one solution to keep them digitally safe,’ said…