The Source for Cyber Insurance News, Insights and Data
In response to the rising threat of cyberattacks and data breaches, Tampa, Florida-based Mynatt Insurance Agency has announced its specialized focus on providing cyber liability insurance to businesses in Tampa and Temple Terrace. This strategic move aims to address the increasing need for protection against the financial losses, reputation damage, and legal liabilities that can … Read more
Coalition is among the pure play-leaders in the cyber insurance sector, touting its “Active Insurance,” which fuses insurance with cybersecurity tools to reduce client (and underwriting) risk. Earlier this year the company launched its full-stack carrier, the Coalition Insurance Company (CIC). From its new release: “(CIC) is now open for quoting Coalition’s admitted cyber product … Read more
Marsh, a global leader in insurance brokerage and risk advisory, recently unveiled Edgware Re Ltd.. The Bermuda-based group captive insurance company is focused on cyber insurance. This launch comes at a time when the cyber insurance industry is experiencing rapid evolution, driven by the escalating frequency and sophistication of cyber threats. Edgware Re is tailored … Read more
“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more
In a sign of the maturing cyber insurance market in the U.S., Coalition, the Active Insurance provider specializing in preemptive digital risk management, and Aspen Specialty Insurance Company have entered into a groundbreaking multi-year capacity agreement. The deal aims to bolster cyber insurance capabilities in the United States. Scheduled to begin on April 1, 2024, … Read more