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The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber…
Zywave, a leading insurtech provider, honored the cyber risk industry’s best individuals and firms at the 11th annual Cyber Risk Awards at Gotham Hall in New York City on Thursday,…
Read More “Cybersecurity’s Night Out: Resilience and More Take Home Top Zywave Honors” »
Three major UK insurance associations have teamed up with GCHQ’s National Cyber Security Centre (NCSC) to reduce ransom payments from cyber crime victims. This collaboration aims to undermine the profitability…
Read More “UK Cyber Insurance Industry Unites to Combat Ransom Payments” »
Who says insurance can’t be fun? Demonstrating evidence that you can indeed gamify anything, the British Insurance Brokers’ Association (BIBA) is bringing a novel twist to the sobering topic of…
Read More “Gamified Cyber Insurance: The BIBA Conference Unveils The Immersive Cyber Hub” »
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for…
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance…
Read More “Effort To Standardize Cyber Insurance Risk Launched by Moody’s RMS & Partners” »
The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks…
Interesting report about whether legal malpractice insurance covers lawyers when scammers trick them into sending their clients’ payments for real estate into phony accounts. “Of course, not all legal malpractice…
“Lastly, it is worth addressing that aside from larger companies and a few smaller businesses that recognize the importance of having cyber liability insurance, most operations are still declining this…
Read More “Cannabis Companies Not High on Cyber Insurance ” »
The insurance research firm considers the future of the industry, including if a catastrophic attack occurs. “(A) still immature cyber market is rocked by one or more near-term catastrophe events…
Read More “Scenarios for the Future of Cyber Insurance: Report from Conning ” »