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According to this report, the evolution of cyber insurance is in some ways similar to the insurance industry’s response to the dangers of steam boilers as they became more common….
Read More “What Do Cyber Insurance and Exploding Steam Boilers during the 1800s Have in Common? ” »
SecurityWeek‘s interesting report covers the pros/cons of the cyber insurance backstop the Biden Admin seems to be advancing. The benefits to the industry of having the government cover fall-out from…
Read More “Could a Fed Backstop for Cyber Insurance Harm the Industry? ” »
Marsh analyzed its claims data and responses to customer self assessments. The resulting report may surprise some folks… “Automated hardening techniques — by a wide margin — have the greatest…
As with the AI announced last week by Coalition, Cowbell’s solution appears focused on enhanced broker and customer service, versus direct cyber risk purposes. “MooGPT assists brokers and policyholders in…
Interesting that the first announced application is for enhanced broker and customer service, versus direct cyber risk purposes. The InsurTech cyber insurance provider does note it’s working on AI-related cyber…
Read More “Coalition Touts New AI Tools for Cyber Insurance ” »
Fitch Ratings predicts 2023 will be another strong year for the industry. Though premium-rate increases continue to decelerate, demand remains high, building on trends over recent years. “Fitch estimates industry…
Read More “Cyber Insurance is Our Business & Business is Good” »
[paywall may apply] AIG, Berkley One, Chubb, Cincinnati Insurance Cos., PURE Insurance and State Farm offer personal cyber insurance add-ons to homeowners/renters insurance. Stand-alone policies are also available from various…
“Cyber insurance will undergo an identity crisis,” says the Financial Services Information Sharing and Analysis Center (FS-ISAC), the cyber intelligence-sharing community for financial services. “(S)ome financial sector firms are beginning…
Read More “Financial Sector Chafes at Cyber Insurance Costs & Requirements: Industry Report ” »
For reference, our post on “Skinny Cyber Insurance” for smaller companies with limited cybersecurity resources that need to prove coverage to their supply chain partners. “’The coverage that these companies would…
Read More “A Step toward “Skinnier Cyber Insurance?” Marsh Lowers Threshold for Cyber Coverage” »
“A new scheme involves demanding that the target provide details of its cyber insurance policies so that the payment demands can be adjusted to fall within the coverage the victim…
Read More “Psst… Hackers Try to Team Up with Insured Against Cyber Carriers ” »