The Source for Cyber Insurance News, Insights and Data
We’ve reported on AON’s new cyber risk report with posts including one on the drop in ransomware payments made by clients of the cyber insurance broker. Another element of the report that struck us as interesting: details on AON’s “Cyber Quotient Evaluation (CyQu), a patented global cyber e-submission platform,” the key part of the broker’s … Read more
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been purchased — adequate security in the face of ubiquitous and constantly updated cyber threats. Unfortunately, cyber insurance bunding of policies with security services is being … Read more
Coalition Unveils Risky Tech Ranking Cyber insurer Coalition has released its first Risky Tech Ranking, identifying technology providers whose products were most vulnerable to cyber threats. The ranking is designed to help companies make safer technology choices, reduce vendor risk, and improve their cybersecurity resilience. Ranking Methodology Coalition used public data and its proprietary Coalition … Read more
We’ve been telling you about the theats posed to cyber insurers by AI — now the technology is coming to help, in the form of a vertical AI from EXL (NASDAQ: EXLS), the data analytics company. The company’s new “EXL Insurance LLM” is a specialized large language model (LLM) tailored for the insurance industry and … Read more
The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more