The Source for Cyber Insurance News, Insights and Data
“At a time when the need for cyber insurance has never been more clear, brokerages have spent much of 2021 decreasing coverage and increasing rates. But on Friday, tucked into a Reuters story, a big shoe appeared to drop: Lloyds of London, the carrier holding nearly a fifth of the cyber insurance market, discouraged its … Read more
“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 was understanding the claims process. ‘Cyber-related business interruption is a costly and potentially ruinous expense,’ he said. ‘By engaging with a loss adjuster with full-time … Read more
Microsoft teaming with At-Bay. Google Cloud previously announced similar collaboration with Allianz and Munich Re.
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 new business and selectively run off existing business in 2022.” Read the blog post here. “Download Forrester’s Predictions 2022 complimentary guide and find out what’s … Read more
“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 property policy or a liability policy. I think you may see more standalone cyber insurance policies that cover the full range of attacks,’ predicts Cindy … Read more