The Source for Cyber Insurance News, Insights and Data
Embroker has announced a strategic partnership with Millennial Shift Technologies (MShift), a policy distribution platform for insurance brokers. This partnership introduces an automated Excess Technology Errors and Omissions (Tech E&O) / Cyber solution via Embroker Access. Excess Technology Errors and Omissions (Tech E&O) insurance provides additional coverage beyond the limits of a primary Tech E&O … Read more
The adage “two is one, and one is none” has long been applied to the non-digital world, emphasizing the importance of redundancy. In the realm of cybersecurity, this concept is relatively new but crucial. With that concept in mind, Backblaze, Inc., a cloud storage provider, has partnered with Coalition, a cyber insurance company, to integrate … Read more
Munich RE is out with a useful new report, “Cyber Insurance Risks and Trends 2024,” that ranges from commentary on the growth of various cyber risks (ransomware is back) to a bullish projection that the cyber insurance market will reach USD $29 billion by 2027 (see below). The report’s analysis of threats includes the growing … Read more
Integra Insurance and Reinsurance Broking Services, a leading cyber insurance broker in Turkey, announced its adoption of CyberCube’s Broking Manager. In doing so, Integra becomes the first Turkish broker to use this cyber risk analytics platform. This step is part of Integra’s strategy to expand its cyber insurance business and enhance its competitive position in … Read more
“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more