Europeans Offer New Cyber Insurance Services
“Generali , Accenture and Vodafone have created a package of cyber security services to help the insurer’s corporate clients to detect, react and recover from cyber threats and incidents.” Source:…
Cyber Coverage Slashed by Major Insurers; Ransomware Compared to Celebrated High-Margin Crime of ’90s
“Meanwhile, cyber security firm Coveware likened the 90%-plus profit margin from ransomware attacks in 2021 to the gains Colombian cocaine cartels made in 1992.” Source: Insurers Cut Their Appetite for…
Want to Renew Your Cyber Insurance for 2022?
Be ready to detail how you handled well-known vulnerabilities in 2021. “Every application nowadays includes questions like: Have you had any exposure to SolarWinds, Microsoft Exchange Marauder vulnerability, or the…
Biggest Myths Around Cyber Insurance?
We can think of some more. According to the report: “…the biggest misconception around cyber insurance is still summarized by the sentence, ‘It’ll never happen to me.’ Cyber attacks are…
Lloyd’s Won’t Cover Losses from State-Sponsored Cyber Attacks
“The company explained it will no longer cover losses resulting from ‘cyber-war,’ which it defined as a cyber-operation carried out as part of a war, any retaliatory attacks between specified…
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Relay Teams With At-Bay — Brokers to Access “Instant, Bindable” Cyber Insurance Quotes
“The Relay I5 platform allows insurance brokers to visually structure placements, rapidly identify and approach the most relevant markets, and access tools to help increase win rates. At-Bay offers instant,…
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“Micro” Cyber Insurance Enabled by Blockchain Gets Patent; From CloudCover
“In utilizing blockchain technology for this incremental insurance of ‘data in motion,’ CloudCover is creating a permanent and public record of every micro-policy that is opened and closed. Each micro-insurance…
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Cyber Insurance Premium Increases Significantly Outpace Other Categories, Q2 Data Indicates
“According to the Council of Insurance Agents & Brokers, cyber insurance premiums grew more than a quarter (25.5%) during that period. That’s well above the 17.4% increase witnessed by umbrella insurance…
Feds Looking for More Cyber Insurance Data From Providers
Move is linked to the Terrorism Risk Insurance Program (TRIP) & potential increased industry role by US Treasury Department. “Treasury is navigating a narrow course between trying to work with…
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Cyber Insurance Market Looks for New Approach, With Lloyds Downshifting on Coverage
“At a time when the need for cyber insurance has never been more clear, brokerages have spent much of 2021 decreasing coverage and increasing rates. But on Friday, tucked into…
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