The Source for Cyber Insurance News, Insights and Data
Envelop Risk, a data-driven reinsurance and analytics specialist, has launched Envelop Underwriting to unify all its existing cyber underwriting in one strategic framework. This new division encompasses Envelop Risk Bermuda, Envelop at Lloyd’s, and Envelop Risk SPA 1925. Industry veteran Dom Peters joins as CEO of Envelop Underwriting, reporting directly to co-founder and group CEO … Read more
Helvetia Switzerland has announced a new partnership with Coinnect to enhance its cyber risk underwriting and client security services. Starting at the end of 2024, Helvetia will adopt Coinnect’s advanced Cyber Insurtech platform, which uses artificial intelligence and cyber intelligence to evaluate and mitigate risks for clients. The collaboration aims to deliver more comprehensive risk … Read more
Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and improve the determination of insurability against cyber threats. According to a Panorays press release, the partnership will enhance Onda’s risk assessment and monitoring capabilities, giving … Read more
The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how insurers assess cyber risks, helping them adapt to evolving threats and improve underwriting accuracy. With cyber insurance premiums projected to exceed $20 billion by 2025, … Read more
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this summer will move the cyber liability insurance market anyway. “The CrowdStrike event, along with other recent cyber incidents like MoveIT, Change Healthcare, CDK Global, and … Read more