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.

Finally a Book Just for Us. Cowbell Cyber Releases “Cyber Insurance For Dummies” & It’s Free

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But seriously, anything that helps insured/insurers/tech providers get a better grasp of this complex market is probably worth it… “‘Choosing cyber insurance coverage comes with a lot of questions about coverage, claims and underwriting, just to name a few. It can be an overwhelming process but with this book, we eliminate the mysteries that can … Read more

Better Late Than Never: Munich Re Tightens Cyber Insurance Policies To Exclude War 

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“Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters.” Source: Munich Re tightens up cyber insurance policies to exclude war | Reuters

Fast-Growing Cyber-Insurer Coalition Turns to Ascot for Additional Coverage Capacity 

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“Coalition continues to expand its capacity relationships and cyber insurance business in a market that is highly dynamic. Coalition year-over-year revenue grew by more than 400% in 2021 as the company scaled to serve 140,000+ customers. Coalition’s run rate GWP (gross written premium) now exceeds $650 million, as the company achieves high growth at scale.” … Read more

“Modular” Cyber Insurance Policies Launched By Resilience 

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“Unlike traditional cyber insurance policies, which can be complicated and difficult to amend, modularity allows brokers to offer customized policies with negotiated coverages specific to a client’s exposure. Customizing coverages in a traditional cyber policy requires either full redrafting or endorsements that can make it difficult to understand what the policy actually covers, Resilience said. … Read more

Russian Cyber Offensive Could Create Insurance Claims Similar in Magnitude to a Hurricane: Insurance Journal

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“If Russia carries out a large cyber attack which spills over into several countries, it could lead to claims totalling (sic) $20 billion or more, similar to insurance claims from a large U.S. hurricane, the industry sources said on condition of anonymity.” Source: Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions

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