Cyber Insurance Carriers & Brokers

HSB Expands Personal Cyber Insurance Coverage (Even Your Car & Emotional Well-Being, Not to Mention those Star Wars NFTs, are Covered)

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HSB (Hartford Steam Boiler), part of Munich Re, has expanded its personal and family cyber insurance to help customers deal with new digital risks. This includes protection against things like internet fraud, connected vehicle hacks, and the emotional stress caused by cybercrime. Along with insurance coverage, HSB also provides tools for preventing cyberattacks and offers … Read more

Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected

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We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud perpetrated by AI. But in its 2024 Q3 Cyber Market Update, RPS concedes the “market hardening” and price increases have not yet occurred. “Since the … Read more

CatX and CyberCube Partner to Enhance Cyber Risk Analytics

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CyberCube has partnered with CatX, a digital marketplace that connects (re)insurers and brokers with alternative capital, to enhance CatX’s capabilities in cyber risk analytics. The collaboration aims to improve CatX’s capacity to model and price cyber risks more effectively, thereby supporting brokers and (re)insurers in expanding their capacity bases. The partnership will see the integration … Read more

What? Cyber Insurance Premiums Dropped For First Time in 2023: Fitch

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After several years of exponential growth in the cybersecurity insurance market, a surprising shift occurred last year in cyber liability insurance premiums, according to a report from Fitch. “U.S. statutory direct written premiums for cyber coverage in standalone and package policies declined for the first time on record in 2023 by a modest 2%. This … Read more

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