Cyber Insurance Best Practices

More Integration of Cyber Insurtech with Legacy Insurance Vendors; CyberCube Partners with Duck Creek Technologies (Nasdaq: DCT), a Provider of SaaS Insurance Systems 

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“This new partnership with Duck Creek will bring tangible benefits to the users of Duck Creek’s policy underwriting platform. Prior to the integration, underwriters were making decisions without access to key cyber metrics. They may have missed key flags and would have had to rely solely on external research during the underwriting process. Now, that’s … Read more

How “Far Away” Does the War Need to Be for Cyber Insurance Exclusions to Apply?  

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“But there is currently no good way for talking about and dividing up the different impacts of a single piece of code in the context of insurance claims, so the question becomes misleadingly binary: Was NotPetya’s impact an act of cyberwar or not? Merck wasn’t specifically targeted by NotPetya; it was a noncombatant outside the … Read more

Tech + Cyber Insurance: Password Manager NordPass Partners With Cowbell

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“NordPass will now be incorporated into Cowbell Rx, Cowbell’s referral platform for cyber security solutions and risk management, as part of the deal. Policy holders will also be offered a 15% discount on NordPass Business.” Source: NordPass teams up with insurance provider Cowbell Cyber to improve security awareness | IT PRO

Cyber Policyholders Better Plan Ahead for Subrogation Actions Following a Hack 

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Law firm Lowenstein Sandler warns: “If these subrogation actions ‘stick,’ policyholders should expect that once a cyber claim is paid by an insurer, that will not be the end of their involvement with responding to the breach. Rather, policyholders will be obligated under the terms of their policies to make their records, investigation results, and … Read more

Cyber Insurance Goes from “Hard to Sell” to “Hard to Buy” — What Happens When We Reach Cyber Insurance 3.0? 

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“‘Hard market’ insinuates that we’re in a cyclical market right now, but the product is only just in its adolescence,’ (Lindsey Nelson, cyber development leader at CFC Underwriting) said. ‘It’s evolving at the moment, and we’re learning as we go along to catch up with that. So, the risk has changed. The risk today is … Read more

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