The Source for Cyber Insurance News, Insights and Data
Cowbell will acquire data from Cloudflare, a provider of anti-DDOS and other security solutions to a wide range of customers. The integration will allow Cowbell to improve risk modeling and provide pricing breaks to its policy holders. Tapping onto the ecosystem of IT providers used by their policy holders appears to be a key part … Read more
David Drogin becomes senior vice president and head of US cyber. Recruiting capable cyber executives remains a priority for cybersecurity insurance companies as the sector continues its rapid growth. Mosaic said the hire was intended to ramp its cyber insurance offerings. The company began offering primary cyber insurance in May 2023, building on its excess cyber … Read more
Zurich buys SpearTip to bolster its cyber risk and mitigation services to customers. “‘Both Zurich Resilience Solutions and SpearTip share a commitment to helping businesses anticipate and prevent cyber threats while being ready to respond when an attack occurs,’ said Tom Fioretti, Head of North America Zurich Resilience Solutions. ‘The acquisition of SpearTip represents a further … Read more
No doubt the major insurtech players (and, of course, the hackers) have a good start on leveraging AI for their business challenges. This report covers some of the areas AI will impact in the short term. “AI automation could make the claims filing, evaluation, and settlement processes more efficient. ‘Algorithms that use machine learning can … Read more
“‘CISOs think when an event comes, they know exactly what to do. But I would say the majority don’t,’ (Catherine Lyle, head of claims at Coalition) said. ‘Having tabletop exercises and incident response plans are important, and they don’t have to be super intense. Just know who you have to call when something’s gone wrong. … Read more