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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…
“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…
Read More “The Future of Cyber Insurance: Stand-Alone Coverage + M&A” »
“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 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…
Read More “Social Media Influencers Can Now Get Cyber Insurance from HSB” »
“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…
Read More “ $12.5 billion in “Hidden Loss Potential” Overhangs US Cyber Insurance Carriers ” »
“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’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…
Read More “Amazon to Offer Cyber Insurance to UK SMBs, Following Move into US Market ” »
“’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,…
“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and…
Read More “Solutions for Healthcare Organizations Seeking or Maintaining Cyber Insurance ” »
“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk…