The Source for Cyber Insurance News, Insights and Data
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
KYND Limited, a British cyber risk solutions provider, has officially launched in the United States. This expansion aims to address the growing need for actionable cyber risk analysis within the U.S. insurance industry. “KYND’s technology is built with one purpose in mind: to demystify cyber risk management,” said Andy Thomas, CEO and Co-Founder of KYND. … Read more
AdvantageGo, a commercial insurance and reinsurance software provider under Coforge, has partnered with FortifyData, an automated cyber risk management firm. This collaboration aims to improve the accuracy and comprehensiveness of insurers’ cyber risk scoring. AdvantageGo’s Underwriting Workbench will integrate FortifyData’s cyber risk ratings and monitoring capabilities. This integration will provide AdvantageGo’s clients with real-time insights … Read more