The Source for Cyber Insurance News, Insights and Data
Resilience, a cyber risk solution provider, raised its underwriting capacity to £10 million ($12 million) for UK and EU insureds. RSA Insurance and R&Q Accredited have made this expansion possible through a strategic partnership. HDI Global Specialty supports Resilience’s existing capabilities in the UK and the EU, which aligns with Resilience’s overall strategy. Cyber threats … Read more
Measured Analytics and Insurance, the cyber insurance MGA, continues its aggressive move into the increasingly competitive, but still relatively underserved, small and medium enterprise (SME) market (earlier this month Measured announced its partnership with the AWS cyber insurance program.) The Company’s CyberGuard 2023 insurance product targets companies with up to $500 million revenue, offering policy … Read more
Cypherleak, a pioneering cyber risk monitoring and scoring startup, has closed a $750,000 seed round. The investors are based in Abu Dhabi, Morocco, and Qatar. This investment will help drive Cypherleak’s expansion across the Middle East and Africa (MENA) region increasing its role in the cyber insurance marketplace. Cypherleak simplifies advanced risk monitoring for smaller … Read more
Cowbell, a cyber insurance pure-play that targets small-and-medium businesses, has announced a new partnership to make it faster and easier for partners such as brokers and MGAs to sell its policies. Cowbell is partnering with Herald, which offers APIs that allow quoting and binding from multiple carries via a single interface, and Zywave, a provider … Read more
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance sector. “There is a clear need and a significant opportunity to accelerate growth in the global cyber underwriting market. However, there are many legitimate concerns … Read more