Top Cyber Carriers of 2021
Market is up 74% YoY according to the report. “The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S.” Source: Rapid Cyber Premium…
Expand TRIP To SMEs And Cover International Attacks That Impact US: Self-Insurance Institute Of America (SIIA)
“’In general, providing coverage under TRIP for damage inside the US from a foreign event would be best considered as a type of loss that was envisioned to fall under…
As Cyber Premiums Go Up, So Does Underwriting Time: Wall Street Journal
“(Adam Lantrip of brokerage CAC Specialty) now budgets four to six months for its clients to clear all the hurdles needed to renew their plans. ‘It’s getting almost to a…
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Cyber Insurance That Goes Effective in 1 Hour & Covers Losses Immediately — Cloud Downtime Insurance from Parametrix
“When we identify downtime, we pay out for the customer immediately. Any loss is covered. Unlike traditional insurance where you have to file a claim, in this case, there’s no…
Another Partnership Combining Cyber Risk Tech & Insurance To Offer Realtime Quotes/Purchases for SMBs
“Developed in collaboration with (Periculus and) TIP National, the offering allows small and medium-sized businesses to instantly request a quote, purchase, and manage a cyber insurance policy customized to meet…
AIG Net Income Up YoY; Cyber Insurance Rates Almost Double
“Globally, commercial insurance rates increased by 9% on average in the quarter, he said. In North America, commercial rates increased 8% overall, with retail property insurance rates rising 14%. Lexington,…
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Better Late Than Never: Munich Re Tightens Cyber Insurance Policies To Exclude War
“Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters.” Source: Munich Re…
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Fast-Growing Cyber-Insurer Coalition Turns to Ascot for Additional Coverage Capacity
“Coalition continues to expand its capacity relationships and cyber insurance business in a market that is highly dynamic. Coalition year-over-year revenue grew by more than 400% in 2021 as the…
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“Modular” Cyber Insurance Policies Launched By Resilience
“Unlike traditional cyber insurance policies, which can be complicated and difficult to amend, modularity allows brokers to offer customized policies with negotiated coverages specific to a client’s exposure. Customizing coverages…
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You Just Raised $100m. What To Do? One Step: Hire a New CTO
“Cowbell Cyber has appointed Joshua Chan as its new CTO. Chan will be joining the firm from Zimperium, where he was previously that company’s vice president of engineering.” Source: Cowbell…
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