The Source for Cyber Insurance News, Insights and Data
“’Unfortunately, the adversarial community, the hacking community, they don’t care,’ (Coalition Head of Insurance Shawn Ram) added. ‘Companies may elect to provide less resources toward cyber-related security and controls. The opportunity for adversaries to take advantage of that increases, so what we have seen is an increased demand and increased desire for cybersecurity.’” Some investors … Read more
“The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. DynaRisk helps brokers grow new business and streamline renewals by providing valuable data and insights on any company globally to help demonstrate the need for cyber insurance.” Source: DynaRisk successfully … Read more
Investors continue to back insurtech companies focused on cyber. Forgepoint Capital did this round. “‘Surefire Cyber’s goal is to work with our clients and partners to swiftly manage a cyber incident and then bring forward capabilities to help them become more cyber resilient. Our delivery of end-to-end digital forensics and incident response capabilities is built … Read more
“But Jack Kudale, the founder and CEO, tells me that it’s projecting its policy holder base to grow three-fold in the next 12 months, to 35,000-40,000 customers (which would imply something around 17,000-20,000 businesses currently), and that its premium run rate (the insurance industry’s revenue run rate equivalent) has grown 40x this year, to $200 … Read more
“The cyber insurance provider leased the entire eighth floor of the 12-story Flatiron District (W. 24th) building, according to Kaufman. The landlord didn’t disclose the length of the lease, but said the asking rent was $72 per square foot.” K SF to Cyber Insurance Firm At-Bay – Commercial Observer