Corvus Acquires Tarian Underwriting
“Corvus believes it has become the first US cyber insurtech to acquire a London underwriting platform, creating global underwriting capabilities and a partnership with Lloyd’s cyber insurance capacity.”
Cyber Insurance Carriers & Brokers
Is Cyber Insurance Starting to Resemble Another Major Insurance Category?
“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics from Marsh expert @mscheincicclcs… Source: Cyber Insurance to Protect Against Cyberattacks
Brokers Should Alert Customers About New Requirements to Renew Cyber Insurance in ’22: Tokio Marine Underwriter
“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers to work with clients to ensure they have baseline standard controls like multi-factor authentication (MFA) in place, and that they get a high-level assessment of … Read more
Two Founders of Cowbell Cyber on List of Top 25 InsurTech Executives of 2021 from The Financial Technology Report
Jack Kudale, Co-Founder and Chief Executive Officer + Rajeev Gupta, Co-Founder and Chief Product Officer
Brokers Can Go From 5 to 20 Cyber Insurance Quotes a Day, Claims At-Bay CEO
Also says company has been able to reduce number of ransomware claims seven fold. Source: “Half of our DNA is cyber security” – CEO | Insurance Business America