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Stand-alone policies reflect growing acceptance of cyber as a unique and critical category requiring more complex underwriting by carriers and increased attention from policy holders. “Standalone coverage is 70% of…
Read More “Most Cyber Insurance Premiums Now for Stand-Alone Coverage: Fitch” »
Fitch Ratings predicts 2023 will be another strong year for the industry. Though premium-rate increases continue to decelerate, demand remains high, building on trends over recent years. “Fitch estimates industry…
Read More “Cyber Insurance is Our Business & Business is Good” »
“The nation boasts a thriving cyber insurance sector that is predicted to become a $20-billion industry by the middle of the decade, with the 10 largest cyber insurers accounting for…
Read More “America’s Top Cyber Insurance Companies — the Rankings May Surprise You ” »
The Company is now offering its active cyber insurance to companies with up to $5 billion revenue. “The company’s increased capacity above its existing limit of $1 billion comes from…
EY reports it surveyed the SEC filings of 74 Fortune 100 companies and 51% had cyber security insurance. That’s up from 43% in 2021. Report includes interesting statistics on cyber…
“As of August 2022, Cowbell has developed the largest cyber insurance distribution network in the U.S. with more than 17,000 producers. Cowbell continues to grow its business with a 260%…
Read More “ Cowbell Adds CSO and Director from Anthemis to Support Sizzling Growth” »
“(T)he rise of smart, connective technology in vehicles has also exposed new weaknesses that hackers can exploit. A report by Upstream Security revealed that automotive cyber security incidents spiked 225%…
Read More “This Brings a New Element to Car Insurance — Cyber Attacks on “Connected Cars” Surge ” »
“Law firms have this treasure trove of information. Statistically, they’re about six times more likely to pay the first ransom demanded, rather than negotiate it…and I have to tell them,…
Read More “Who’s a “Radioactive” Customer for Cyber Insurers? Law Firms ” »
“…17.3%** of SMEs did not have cyber insurance in 2021 due to it being too expensive, while 29% cancelled their policy to cut costs. Smaller businesses were found to be…
Read More “Small Businesses Cancelling Cyber Insurance Just When They Need It Most: GlobalData” »
Market is up 74% YoY according to the report. “The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S.” Source: Rapid Cyber Premium…