The Source for Cyber Insurance News, Insights and Data
“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk. The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts … Read more
At-Bay, the digital-age cyber insurance provider, has updated its Miscellaneous Professional Liability (MPL) product. They have expanded coverage to include more than 40 new business classes. This comes with an increase of the eligible revenue limit to $50 million. This move represents a substantial expansion of At-Bay’s offerings, catering to a wider range of industries. … Read more
Cowbell, which offers an AI-driven cyber insurance platform for small-and-medium businesses, has been one of the most high-profile players in the emerging cyber insurance industry. The company has ramped up clients and revenue rapidly while attracting large investments. But Cowbell has now announced layoffs. “I am announcing a 12% reduction of our current workforce, which … Read more
Measured Analytics and Insurance, the cyber insurance MGA, continues its aggressive move into the increasingly competitive, but still relatively underserved, small and medium enterprise (SME) market (earlier this month Measured announced its partnership with the AWS cyber insurance program.) The Company’s CyberGuard 2023 insurance product targets companies with up to $500 million revenue, offering policy … Read more
Chubb, the world’s largest publicly traded property and casualty insurance company and a cyber insurance leader, has embarked on a strategic partnership with SentinelOne, a leading cybersecurity firm. The goal? Revolutionize cyber risk management practices for U.S. businesses. In an industry-first move, Chubb’s cyber insurance policyholders, generating revenues exceeding $100 million, will gain the ability … Read more