AI & Cyber Insurance

Think Cyber Insurance Market is “Out of the Woods?” No So Fast, Says RPS

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The useful new 2024 US Cyber Outlook Report from Risk Placement Services (RPS) notes that carriers reduced premiums, increased limits and softened requirements for some cyber controls when ransomware losses declined last year. But this “buyer’s market” is unlikely to continue, predicts Steve Robinson, national cyber practice leader at RPS and his team. “The cycle between hard … Read more

Watch Out for AI Poisoning & Other Practical Tips on AI for Cyber Insurance

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We’ve reported extensively about the impact of GenAI on the cyber insurance industry, from its use by hackers to predictions it will “revolutionize” the industry. Information Week has some interesting observations from Nathan Smolenski of cybersecurity provider Netskope. A couple: Underwriters need to defend against “Data/AI model poisoning: …The GenAI models themselves must also be … Read more

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