Risk Modeling

Innovation, Models, and Policy Standards Can Propel Growth in Cyber Cat Bonds and ILS: Geneva Association

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Cybersecurity risks are escalating as businesses embrace digitalization, creating one of the most urgent challenges of our time. Cyber incidents, including ransomware attacks and data breaches, have topped global risk charts, leaving many businesses scrambling for solutions. Despite the exponential growth of the cyber insurance market—premiums soared from $1.5 billion in 2013 to $15 billion … Read more

The Growing Importance of Actuaries in Cyber Insurance & Cybersecurity

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Actuaries get teased for what some outsiders see as a boring job. But a new report makes clear that actuaries are increasingly part of the interesting, sometimes even exciting, world of cybersecurity. Nowadays actuaries and cyber insurance increasingly go together, details the report from the UK’s Institute and Faculty of Actuaries (IFoA). Entitled “Actuaries Managing … Read more

CyberCube Partners with HUB International to Offer Cyber Risk Analytics in North America

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CyberCube has partnered with HUB International, a global insurance broker and financial services firm, to provide cyber risk analytics to clients across North America. This collaboration enables HUB to use CyberCube’s software and services with its cyber risk assessment capabilities. HUB will utilize CyberCube’s Broking Manager to advise clients about their cyber risk and related … Read more

Cyber Re/Insurance Market To Grow Rapidly with Sustained Margins: S&P Global Ratings

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Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end of 2023,” estimates S&P Global Ratings report “Cyber Insurance Market Outlook 2025: Cycle Management Will Be Key To Sustaining Profits.” [Don’t tell Swiss Re, which … Read more

Axio Unveils Tool to Streamline Cyber Risk Quantification

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Axio has launched the Quantification Wizard, a new tool on its platform aimed at streamlining cyber risk quantification. Per a company announcement, the Wizard allows organizations to quickly assess the financial impact of cybersecurity risks. The promise? This will enable well-informed, business-aligned decisions in a fraction of the time traditionally required. Scott Kannry, Co-founder and … Read more

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