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Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate…
Read More “Ramping Cyber Insurance Premiums Help Hiscox Hit Profitability in H1 2021 ” »
Chubb Ltd. CEO Evan Greenberg worries: “The pricing environment is pretty good…(But) that is not addressing by itself, the fundamental issue…. Like pandemic, cyber has a catastrophe profile to it.”…
There’s grim news in a new survey from cloud vendor Cloudian and Sapio Research: Cyber insurance only pays about 60% of costs from ransomware attacks — and paying ransoms often…
Read More “Cyber Insurance Pays Back Only App. 60% of Ransomware Costs & Then Rates Go Up” »
The U.S. cyber insurance industry is now teetering on the edge of profitability, upended by a more than 400 per cent rise last year in ransomware cases and skyrocketing extortion…
Read More “Cyber Insurance Rates Climb While Coverage Declines” »