The Source for Cyber Insurance News, Insights and Data
It’s possible the stark difference might be due to different starting levels of commercial versus personal policies…but the stats do indicate the growth of personal cyber insurance. “From June 2021 to June 2022, Acuity Insurance saw cyber liability insurance claims on its commercial insurance policies increase by more than 50%. For personal policies, Acuity saw … Read more
“Blink by Chubb offers a suite of Chubb-backed personal insurance products distributed through the company’s digital brokers and affinity partners, such as SoFi. Chubb is the world’s largest publicly traded property and casualty insurance company. Blink Cyber is a stand-alone insurance policy that addresses the needs of customers facing the increasingly growing risk of cyber-attacks. … Read more
“As part of the endorsement, Safeco also provides customers with expert-level case management and guidance from a dedicated team of specialists in the event of a cyber exposure. The endorsement includes proactive, comprehensive credit and deep web monitoring for sensitive information that may be posted for sale. Safeco products are available through a network of … Read more
“Munich Re has been involved in managing cyber risk from the first moment it became a consideration. The results of our Global Cyber Risk and Insurance Survey 2022 underline that there is clearly more action required – for policyholders and the insurance industry.” One interesting tidbit is increasing use of personal cyber insurance by senior … Read more
“NetGuard® Select, Tokio Marine HCC – Cyber & Professional Lines Group’s stand-alone personal cyber insurance is rated and underwritten to make it accessible to other classes of risk, according to (company Vice President Kareen) Boyadjian, who pointed out that the minimum annual premium for NetGuard® Select is just $500.” Source: Personal cyber insurance market to … Read more