New Cyber Claims Guide from Aon & Crawford
“Crawford’s global head of Cyber Paul Handy says organisations should focus not only on risk prevention but also preparedness in the event of a cyber incident, and a key part…
Use Microsoft 365 and Get Cyber Insurance Discount; Tech Companies Team with Cybersecurity Insurance Providers
Microsoft teaming with At-Bay. Google Cloud previously announced similar collaboration with Allianz and Munich Re. Source: Microsoft’s Ann Johnson Talks MFA, Cyber Insurance, and Crystal Balls – SDxCentral
Ransomware to Drive At Least One Top Cyber Insurance Provider Out of Market in 2022: Forrester
Prediction comes from Forrester Senior Analyst Jeffery Williams: “Bottom line, insurers have been collecting small premiums while facing near-infinite risks. At least one top 10 cyber carrier will cease writing…
The Future of Cyber Insurance: Stand-Alone Coverage + M&A
“Consumers can expect some significantly different offerings in the coming years. ‘Now you see cyber insurance as an add on to other types of policies — an addendum to a…
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Cowbell & Sayata Try to Use Integrated APIs to Reduce Manual Underwriting of Cyber Insurance
“The majority of insurance applications submitted through APIs today still result in inaccurate quotes. This triggers the need for manual underwriting and unnecessary delays. Insurance agents and brokers need speed…
Social Media Influencers Can Now Get Cyber Insurance from HSB
“Social influencers want attention, but not from cyber criminals,’ said James Hajjar, assistant vice president for HSB, part of Munich Re. ‘Hackers and other digital predators target social media. We’re…
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$12.5 billion in “Hidden Loss Potential” Overhangs US Cyber Insurance Carriers
“The study, entitled ‘Spotlight on Cyber: A study of aggregation risk in the US property insurance market,’ noted that sufficient cyber risk is amassing in the market to trigger a…
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At-Bay Adds $20 Million to its Series D
“Founded in 2017, the Mountain View, Calif-based At-Bay surpassed $160 million in annual recurring revenue in the second quarter of the year, when it also experienced an 800% year-over-year premium…
Amazon to Offer Cyber Insurance to UK SMBs, Following Move into US Market
“Amazon’s foray into UK business insurance with Superscript follows US insurtech firm Next Insurance’s announcement back in March that it would be offering insurance to US small businesses via Amazon…
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The “Ransomware Business Model”
“’Threat actors have moved to engaging in double extortion, meaning that the hackers would threaten to release private information if the organization doesn’t pay,’ said Angela Feudo (pictured below), manager,…