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“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics…
Read More “Is Cyber Insurance Starting to Resemble Another Major Insurance Category? ” »
“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers…
Jack Kudale, Co-Founder and Chief Executive Officer + Rajeev Gupta, Co-Founder and Chief Product Officer Source: The Top 25 InsurTech Executives of 2021 | The Financial Technology Report.
“(T)he new year will continue to reveal the consequences of the 2021 acceleration of business digitization, with an explosion of incidents related to the software supply chain. This will drive…
Read More “2022 Prediction: More Cyber Pain from the “Software Supply Chain” ” »
“Nearly 60% of cannabis businesses say they haven’t taken the necessary steps to prevent cyberattack, but the winds are changing…” Source: 2022 Cannabis Industry Outlook: Your Business’ Future Depends on…
Read More “Follow the Smoke Signals to a Growing Cyber Insurance Market…” »
“Attestations will become a thing of the past, and policy holders will need to prove, with proper documentation, that the controls they say are in place are truly there. The…
Also says company has been able to reduce number of ransomware claims seven fold. Source: “Half of our DNA is cyber security” – CEO | Insurance Business America
ActZero (which raised $40m in March) offers an MDR (managed detection and response) platform that “combines antivirus protection, endpoint detection and response. Measured Analytics and Insurance(‘s)…standalone cyber insurance product, CyberGuard,…
Read More “ActZero Security Adds Cyber Coverage From Measured Analytics and Insurance” »
Reported elsewhere: “The captive, domiciled in Hawaii, will provide capacity in addition to its current long-term capacity agreements from carriers including Swiss Re and Arch Insurance.” The insuretech company continues…
“The rise of high-profile ransomware incidents in the public finance sector beginning in 2018 led entities to turn to cyber insurance as a means of risk transfer. With ransom demands…
Read More “Public Finance Entities Face Challenges in Obtaining Affordable Cyber Insurance ” »