Mark Sauter

Mark Sauter's insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook "Homeland Security: a Complete Guide," Sauter was also a consultant to one of the world's largest software companies and served as a US Army Special Forces and infantry officer.

Use Our Security Technology and Reduce Your Self-insured Claim Retention by 25%: Corvus 

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“’Corvus is the trusted, long-term cyber risk partner for our policyholders. We are constantly monitoring emerging threats and using the signals and data we have to recommend actionable measures to prevent cyber attacks,’ said Lauren Winchester, Global Head of Risk Advisory at Corvus Insurance. ‘This endorsement incentivizes meaningful engagement with Corvus, which in return allows … Read more

Cyber Insurance Premiums Last Year  Approached $14 Billion in Increasingly Fragmented Market: Insuramore

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The report estimates 2022 GDPW (gross direct premiums written) for cyber insurance was almost $13.5 billion and closer to $14 billion when captive insurers are included. According to the report from the UK’s Insuramore Insurance Insight, the top cyber insurers by GDPW are Munich Re; Chubb; Beazley; Fairfax Financial Holdings and AXA. “Looking ahead, the … Read more

AWS’ New Cyber Insurance Program: Some Useful Insights

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See the AWS insurance site here. “Amazon Web Services is diving headfirst into the cyber insurance industry by launching a new program that guarantees customers a security insurance quote within two days, tied with massive revenue opportunities for the channel. ‘I call this an industry-shaping moment,’ AWS’ Ryan Orsi, worldwide head of cloud foundations for … Read more

Illinois Hospital Goes Out of Business Due to Cyber Attack — More to Come?

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“The costs of recovering from a 2021 ransomware attack were too much for St. Margaret’s Health in Spring Valley, Illinois, which is closing today.” The article has useful analysis of the general vulnerabilities of hospitals, including disruptions of insurance billing systems. Experts believe ransomware and similar attacks could negatively impact the health or even lives … Read more

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