The Leading Source for Cybersecurity Insurance News, Insights and Data
We recently told you how one cyber insurance expert predicts the massive CrowdStrike-caused IT outage may change the cyber insurance industry, including by boosting demand for coverage of non-malicious losses,…
Read More “Are Non-Criminal Claims a Growing Risk for Cyber Insurance Providers?” »
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this…
Read More “CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone” »
FifthWall Solutions has announced the closing of a $5 million Series-A funding round. The investors were not dislosed by the company, which says the round will support product development and…
The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario…
We’ve discussed other findings from the recent Bermuda Monetary Authority (BMA) report, but we’re also struck by the increase in cyber insurance captives and cyber ILS vehicles documented by the…
HSB (Hartford Steam Boiler), part of Munich Re, has expanded its personal and family cyber insurance to help customers deal with new digital risks. This includes protection against things like…
Data Bridge estimates the “Third Party Cyber Insurance Market” was worth $7.7 billion in 2022 and will reach $39.5 billion (numbers rounded) by 2030—a look at this latest cyber insurance…
We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud…
Read More “Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected” »
The telephone giant seems more chill than many of its customers, now learning that records of essentially all their calls and texts (but not the content of those communications) between…
“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes”…
Read More “AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State” »