Cyber Insurance Geographic Markets

Watch Out for “Quishing,” UK Cyber Security Provider Warns the Insurance Industry (and We Add: Beware of “Brushing” Too)

by

“Quishing (QR Code Phishing) (is a) rapidly growing attack vector, increasing from 0.8% of phishing attempts in 2022 to 12.4% in 2024,” reports Intersys, a UK company that provides cyber risk management services to the insurance sector. Other cyber experts are sounding the same alarm, plus warning of “brushing,” another scam increasingly linked in quishing. The quishing … Read more

UK Insurance Market Softens in 2024; Cyber Insurance Sees Major Savings Despite Rising Threats

by

The UK insurance market showed significant softening in 2024, according to Aon’s UK Insurance Market Outlook. The report highlights key factors of insurer profitability, increased market capacity, and intense competition. These resulted in more favorable conditions for buyers across most sectors. Turning to cyber insurance. The UK cyber insurance market emerged as a standout area … Read more

Onda Launches Onda X Cyber Insurance for Mid-Market Companies in the UK and France

by

Onda, a Lloyd’s-backed cyber MGA, has unveiled Onda X, a new cyber insurance product tailored for mid-market firms across the UK and France. Targeting companies with annual revenues between £100 million and £1 billion, Onda X offers primary and excess coverage limits up to £5 million to protect against cybercrime. As noted in the press … Read more

Coalition Expands Cyber Insurance Partnership with MS&AD via $30M Investment

by

Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more

Cybersecurity Gap: Why SMEs Must Catch Up to Large Organizations in Cyber Resilience

by

SMEs Struggle to Keep Up with Cybersecurity Standards Small and medium-sized enterprises (SMEs) in the European Union are falling behind larger organizations in cybersecurity, according to a new report by Marsh in collaboration with the Federation of European Risk Management Associations (FERMA). The report, Why the Cybersecurity Gap Between SMEs and Large Organisations Matters, reveals … Read more