The Source for Cyber Insurance News, Insights and Data
As noted in our earlier post, Woodruff Sawyer, the large American brokerage and consultancy, is out with an excellent new report: “Looking Ahead: Cyber Liability Insurance Concerns in 2024.” We thought their info graphic on how underwriters are looking at 2024 was worth a special call out.
The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity trigger and per-occurrence basis, the bond runs for a two-year term through to the end of 2025.” Capital from ILS (insurance-linked securities) will be increasingly … Read more
There are plenty of tech companies that provide cybersecurity platforms to MSPs and a number of cyber liability insurance providers who work with MSPs. Guardz is combing the two services. “Guardz’s comprehensive cybersecurity protection enables MSPs to offer their clients cyber insurance, which was previously inaccessible due to a lack of cybersecurity controls, generating an … Read more
AWS will now share security data of companies it serves when they request to be connected with cyber insurance brokers and insurers. The members of this ecosystem predict it will cut the time to obtain cyber liability insurance from weeks to days and potentially offer discounts of up to 15%. “Through AWS’s Cyber Insurance Competency … Read more
Ascot will use Zywave’s ClarionDoor technology, an “API-first rating, quoting and issuance platform for admitted and E&S insurance accounts.” Insurtech Zywave provides platforms to connect insurers and agents/brokers. Read the release here. The announcement does not focus on cyber, but Ascot offers that line, which is a major focus of Zywave. Ascot Insurance is a … Read more