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As cyber criminals increasingly leverage AI for everything from phishing scams and blackmail to misinformation campaigns and election interference, businesses face new threats that require innovative defenses. In response to…
Read More “Tackling AI-Driven Cybercrime Threats: AXA XL’s New Insurance Coverage Explained” »
We’ve been telling you about the theats posed to cyber insurers by AI — now the technology is coming to help, in the form of a vertical AI from EXL…
The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario…
HSB (Hartford Steam Boiler), part of Munich Re, has expanded its personal and family cyber insurance to help customers deal with new digital risks. This includes protection against things like…
“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes”…
Read More “AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State” »
So reports Venture Beat in a report on AI’s impact on cyber insurance, which also says the technology can dramatically accelerate risk assessments: “Cyber insurers are also looking to AI…
Read More “AI Cuts Cyber-Insurance Claim Processing Times By > 80%?” »
“What’s in a name? That which we call a rose by any other name would smell as sweet,” wrote Shakespeare. But cyber insurance experts think there’s nothing sweet about the…
We told you about Coalition’s findings on business email compromise (BEC), as reported in the managing general agent’s 2024 Cyber Claims Report. But we were also struck by the data…
Munich RE is out with a useful new report, “Cyber Insurance Risks and Trends 2024,” that ranges from commentary on the growth of various cyber risks (ransomware is back) to…
Read More “The $26 million Video Call from Hell: Munich RE” »
Coalition, a provider of Active Insurance designed to mitigate digital risks, announced the introduction of an Affirmative Artificial Intelligence (AI) Endorsement to its cyber insurance policies in the U.S. and…
Read More “Coalition Announces New AI Endorsement to its Cyber Insurance Policies” »