Reinsurance

Envelop Risk Leverages Its Cyber Tech to Provide Services to Cyber Reinsurance/Insurance Market

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The Company‘s new business unit, Envelop Risk Solutions, will provide technical assistance to reinsurance providers “across the full capital management spectrum, including: cyber underwriting and underwriting strategy, cyber modelling, scenario modelling, capital metrics, cyber market analytics, new product development, threat intelligence, reinsurance operations automation, and global cyber risk forecasting.” “We have developed advanced capabilities to … Read more

Coalition Launches Reinsurance Intermediary to Expand Cyber Reinsurance Offerings

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As cybercrime continues to surge, costing the global economy, by some estimates, $10.5 trillion annually by 2025, the cyber insurance industry is evolving to manage these escalating risks. In response to growing demand for more robust insurance solutions, Coalition has launched Coalition Re. Coalition Re, a reinsurance intermediary, provides capacity for cyber reinsurance treaties and … Read more

Cyber Cat Bonds Hold Up in Secondary Market; More Expected

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Cyber cat bonds issued over the last year are trading above par, “(a)n indication that these bonds are sought after in the secondary market and have not seen spread widening, but in fact have seen spreads tightening,” Dirk Schmelzer, Head Portfolio Manager ILS/CAT Bonds and Partner at Plenum Investments AG, told Artemis, a provider of … Read more

Insights on Cyber Risk: Strategic Opportunities in the Reinsurance Market-Report

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A recent report by Howden Re explores the evolution of the cyber (re)insurance market, advocating for a shift from viewing cyber risk merely as a threat to recognizing its potential as a significant growth opportunity. The report, titled Re-framing cyber risk: navigating threats and embracing opportunities, highlights a persistent imbalance in the industry’s perception of … Read more

The $26 million Video Call from Hell: Munich RE

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Munich RE is out with a useful new report, “Cyber Insurance Risks and Trends 2024,” that ranges from commentary on the growth of various cyber risks (ransomware is back) to a bullish projection that the cyber insurance market will reach USD $29 billion by 2027 (see below). The report’s analysis of threats includes the growing … Read more

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