The Leading Source for Cybersecurity Insurance News, Insights and Data
“The move to limit systemic risk in the insurance market, announced last month and applicable to standalone cyber policies from the end of March, prompted warnings it would lead to…
Read More “Lloyd’s Defends Exclusions for State-Backed Cyber Attacks ” »
“As of August 2022, Cowbell has developed the largest cyber insurance distribution network in the U.S. with more than 17,000 producers. Cowbell continues to grow its business with a 260%…
Read More “ Cowbell Adds CSO and Director from Anthemis to Support Sizzling Growth” »
According to the report, Microsoft and AWS are offering the service, but Google is most advanced. “The crux of the approaches is the use of a customer’s IT configuration data…
Read More “Major Cloud Players Increasingly Sharing Client Data With Cyber Insurers ” »
“Around 90% of ILS fund managers are concerned about the potential for silent cyber exposure within their funds, said S&P, quoting PCS, a Verisk business and provider of catastrophe data….
Read More ““Silent Risk” Holding Back ILS Market for Cyber ” »
“New research released this week revealed that 64% of security decision-makers across the US, UK, France, Germany, Belgium, Netherlands and Australia suspect their organization has been directly targeted by a nation-state…
“As of March 31, when coverage begins or is renewed, syndicates must exclude state-backed cyberattacks from policies that protect against physical and digital damage caused by hacks, Underwriting Director Tony…
“The result: Coalition gains a property and casualty insurer licensed in all 50 states. Financial terms of the deal were not disclosed… Shawn Ram, head of Insurance for Coalition, described…
Read More “Coalition Buys Prop/Casualty Insurer from Munich Re ” »
“(T)he rise of smart, connective technology in vehicles has also exposed new weaknesses that hackers can exploit. A report by Upstream Security revealed that automotive cyber security incidents spiked 225%…
Read More “This Brings a New Element to Car Insurance — Cyber Attacks on “Connected Cars” Surge ” »
“The 2022 ‘Cyber Market Conditions’ report indicates school districts may face a 100 to 300 percent increase in the cost of premiums if they don’t have ‘best in class’ security controls…
Read More “Schools Slammed By Cyber Attacks, Struggle to Qualify for Affordable Cyber Insurance ” »
“’Despite the considerable pressures, our research shows it’s not enough to make insurers exit the market,’ the report said, finding that even if the current rate of cyber attacks remains…
Read More “Cyber Insurers Not Exiting Market, Despite Challenges: Survey” »