The Source for Cyber Insurance News, Insights and Data
PitchBook reports the market ended 2023 on a low note. “In Q4 2023, insurtech startups generated $1.3 billion across 102 deals, representing declines of 22.3% and 15.7% from Q3,” reports PitchBook’s Q4 2023 Insurtech Report. The deal data company reported only one bright spot in the quarter: financing for annuity-related start ups. The financing … Read more
Interesting tidbit in CyberCube yearly report: “All cyber cat bonds issued in 2023 utilized CyberCube’s model, marking an expansion into CyberCube serving the financial sector.” ILS growth in cyber liability insurance sector will depend on constantly improving risk data.
CSC, an enterprise-class domain registrar renowned for its domain security expertise, has forged a pivotal alliance with NetDiligence®, a leading provider of cyber risk readiness and response solutions within the cyber insurance industry. This collaboration marks CSC’s entry into NetDiligence’s eRiskHub® as a vendor, specifically catering to the “pre-breach” category focusing on brand protection and … Read more
CoverForce has expanded its API toolkit to include cyber insurance. This development responds to the soaring global growth of the cyber insurance subsector. It is predicted to increase by 25-30% annually. With an estimated market value of $23 billion by 2025, according to S&P Global. The CoverForce API already encompasses an extensive range of commercial … Read more
There are plenty of tech companies that provide cybersecurity platforms to MSPs and a number of cyber liability insurance providers who work with MSPs. Guardz is combing the two services. “Guardz’s comprehensive cybersecurity protection enables MSPs to offer their clients cyber insurance, which was previously inaccessible due to a lack of cybersecurity controls, generating an … Read more