Cyber Insurance Carriers & Brokers

Financial Sector Chafes at Cyber Insurance Costs & Requirements: Industry Report 

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“Cyber insurance will undergo an identity crisis,” says the Financial Services Information Sharing and Analysis Center (FS-ISAC), the cyber intelligence-sharing community for financial services. “(S)ome financial sector firms are beginning to reconsider cyber insurance. In some cases, premiums rise so high that firms are considering ring-fencing capital equivalent to the estimated premiums as an alternative … Read more

A Step toward “Skinnier Cyber Insurance?” Marsh Lowers Threshold for Cyber Coverage

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For reference, our post on “Skinny Cyber Insurance” for smaller companies with limited cybersecurity resources that need to prove coverage to their supply chain partners. “’The coverage that these companies would get out of the gate will be a little bit more restricted than it would be if they had controls in place,’ (Marsh’s Susan) Young … Read more

America’s Top Cyber Insurance Companies — the Rankings May Surprise You 

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“The nation boasts a thriving cyber insurance sector that is predicted to become a $20-billion industry by the middle of the decade, with the 10 largest cyber insurers accounting for almost 60% of the overall market. These insurers offer a range of policies designed to protect businesses in varying industries.” With cyber risks constantly evolving, … Read more

Sophos Security Teams with Cowbell 

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Summarized from the press release: Sophos has joined forces with Cowbell to provide small and medium-sized enterprises (SMEs) with an easier way to access cyber insurance. The partnership allows Sophos customers to share their security health information with Cowbell, streamlining the insurer’s risk assessment process and enabling assessors to evaluate defenses against requirements for insurance … Read more

Will AI Help the Hackers or Cyber Carriers More?

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Peter Hedberg, Vice President of Cyber Underwriting at Corvus Insurance, worries the hackers may benefit more in the short term: “Chat GPT removes a lot of markers because the answers that this technology delivers seems so natural and so human, however this also allows for the attack vector to scale effectively. So, instead of spending … Read more

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