The Source for Cyber Insurance News, Insights and Data
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 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 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 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
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