The Source for Cyber Insurance News, Insights and Data
“’Corvus is the trusted, long-term cyber risk partner for our policyholders. We are constantly monitoring emerging threats and using the signals and data we have to recommend actionable measures to prevent cyber attacks,’ said Lauren Winchester, Global Head of Risk Advisory at Corvus Insurance. ‘This endorsement incentivizes meaningful engagement with Corvus, which in return allows … Read more
The report estimates 2022 GDPW (gross direct premiums written) for cyber insurance was almost $13.5 billion and closer to $14 billion when captive insurers are included. According to the report from the UK’s Insuramore Insurance Insight, the top cyber insurers by GDPW are Munich Re; Chubb; Beazley; Fairfax Financial Holdings and AXA. “Looking ahead, the … Read more
More than a quarter of top UK insurers could struggle to get cyber insurance due their poor security controls, according to a survey from SecurityScorecard. “Insurers setting standards that they cannot meet themselves could damage the credibility of those insurers…,” the survey notes.
See the AWS insurance site here. “Amazon Web Services is diving headfirst into the cyber insurance industry by launching a new program that guarantees customers a security insurance quote within two days, tied with massive revenue opportunities for the channel. ‘I call this an industry-shaping moment,’ AWS’ Ryan Orsi, worldwide head of cloud foundations for … Read more
Chubb calls itself the “world’s largest publicly traded property and casualty insurance company” and it’s now making a significant move involving stand-alone cyber insurance. “Chubb has launched Cyber Central, an innovative quoting platform designed for agents and brokers who specialize in cyber risks. This cutting-edge platform simplifies and enhances the process of quoting and issuing … Read more