The Source for Cyber Insurance News, Insights and Data
“In utilizing blockchain technology for this incremental insurance of ‘data in motion,’ CloudCover is creating a permanent and public record of every micro-policy that is opened and closed. Each micro-insurance policy is automated on demand, and CloudCover notifies the policyholder and auto-adjudicates the claim. This is a departure from the typical cybersecurity insurance, in which … Read more
“The funding round was co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital and Intact Ventures.” Source: Resilience Cyber Closes $80M Funding Round to Further Expand Into Middle Market
Microsoft teaming with At-Bay. Google Cloud previously announced similar collaboration with Allianz and Munich Re.
“The majority of insurance applications submitted through APIs today still result in inaccurate quotes. This triggers the need for manual underwriting and unnecessary delays. Insurance agents and brokers need speed and efficiency when servicing small and mid-size businesses while offering coverages that are relevant, easy to understand and bring value beyond coverage with resources for … Read more
“Cowbell Rx closes insurability gaps by providing cyber insurance applicants with resources to meet eligibility requirements while also enabling active policyholders to continuously improve their organization’s risk profile. This comprehensive list of partners is the first of its kind in the cyber insurance industry.” Source: Cowbell Cyber Unites Cybersecurity Giants and Cyber Insurance Industry with … Read more