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Standalone cyber policies now the majority… “Standalone policies are more often subject to claims, given that more-sophisticated clients with more data and financial resources typically purchase these policies. Despite the…
Read More “Underwriting Performance for US Cyber Insurance Improved Last Year: Reinsurance News” »
According to the report, US FIO and CISA agree with this recommendation: “The Department of the Treasury’s Federal Insurance Office (FIO) and the Department of Homeland Security’s Cybersecurity and Infrastructure…
Read More “GAO Prods Feds to Assess Their Potential Response to Catastrophic Cyber Attacks ” »
“…17.3%** of SMEs did not have cyber insurance in 2021 due to it being too expensive, while 29% cancelled their policy to cut costs. Smaller businesses were found to be…
Read More “Small Businesses Cancelling Cyber Insurance Just When They Need It Most: GlobalData” »
“Managing clients’ expectations suddenly became an even bigger part of the broker’s role, (Patrick Bourk, principal and national cyber practice leader at HUB International Ontario) explained, particularly when it came to…
Read More “A Growing Challenge for Cyber Insurance Providers: Managing Client Expectations” »
“The make-up of who buys cyber insurance has also shifted, wrote Marsh. Increased technology adoption and the associated heightened cyber risk has led to a significant increase in insurance buying…
Presentation for RSA includes market intel and useful tips for navigating the cyber insurance market, from methods for estimating required coverage to “gotchas” lurking in policy fine print. Examples from…
City council in Oskaloosa increases cyber liability coverage from $250,000 to $1,000,000. “‘One of the most valuable items this service provides is immediate access to forensic experts who can take…
Read More “Typical? Iowa City Quadruples Cyber Insurance Coverage ” »
“‘There are a lot of companies that have gone through renewals and ended up either becoming uninsurable or implementing some new controls just to get to the point of…
Read More “Water Companies Face Challenges Getting Cyber Insurance, Industry Expert Says ” »
“The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. DynaRisk helps brokers grow new…
“New research by Marsh and Microsoft identifies 8 key trends that leaders from all departments should align on and prioritize for 2022 and beyond.” Source: The State of Cyber Resilience