Corvus Touts Unified Risk Prevention Solution, Reports It Reduces Breaches by Up to 20% 

“…Corvus Signal™, the risk prevention solution that brings together brokers, policyholders, and Corvus security experts in partnership. Corvus Signal has been shown to reduce cyber breach frequency and cost by up to 20 percent.” The press release from the company quotes the director of IT at a mid-sized healthcare services company: “…Corvus takes a lot … Read more

Top Cyber Insurance Companies in the USA, According to Insurance Business America  

The magazine surveyed brokers, who provided the Top 10 list of criteria most important to brokers’ analysis of cyber insurers. The Top 5: coverage, claims payment/processing, underwriting expertise, cyber response and flexibility. Spoiler alert: Tokio Marine and Crum & Forster are probably sharing the results of the survey. Read the useful report here: Source: The … Read more

“I’ve Never Seen Worse Communication In My Life” Than Lloyd’s Announcement of Nation-State Cyber Exclusions 

It’s been a “PR disaster” says the CEO of managing general agent (MGA) CFC, which has a Lloyd’s syndicate. The Lloyd’s announcement caused “panic” by making insurance buyers think that no attacks linked to nation states will be covered, which is far from true. “It really is such a shame to see a change in … Read more

Watch Out: The “Hard Cyber Insurance Market” Is Coming Back, Says At-Bay

At-Bay reports the policy pricing cycle turns much faster for cyber coverage than many other kinds of risk. “Based on our data and exemplified in the chart above, there is a consistent cycle between ransomware frequency and policy pricing. Two to three quarters after a peak in ransomware frequency, we see a responding increase in … Read more

Cyber Insurance Becoming Buyer-Friendly:  Aon. Really & Will It Last? 

“David Molony, Head of Aon’s Cyber Solutions for EMEA, acknowledges the significant shift in market dynamics, stating, ‘Where businesses were constrained by availability in 2021 and into 2022, it is now vastly different. Instead, buyers should now be looking at mitigating their exposure — taking advantage of the market at the expense of sacrificing coverage … Read more

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