The Source for Cyber Insurance News, Insights and Data
“The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. DynaRisk helps brokers grow new business and streamline renewals by providing valuable data and insights on any company globally to help demonstrate the need for cyber insurance.” Source: DynaRisk successfully … Read more
“New research by Marsh and Microsoft identifies 8 key trends that leaders from all departments should align on and prioritize for 2022 and beyond.” Source: The State of Cyber Resilience
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 Growth by Fairfax, Tokio Marine Increased Share of Market
“’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 the umbrella of coverages under TRIP. Foreign events such as those contemplated in the Treasury’s inquiry would meet the intent of covered damage under TRIP … Read more
“(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 point where the deals never get put to bed,’ Mr. Lantrip said.” [paywall]