Cyber Insurance for SMEs/SMBs

Howden Partners with Chubb, LSM, Mosaic, and Safe Security to Launch Howden Safe+, Cyber Insurance for Mid-Size Corporations

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Howden has introduced Howden Safe+, a cyber insurance solution for mid-size corporations with revenues between $250 million and $2 billion. The platform reduces underwriting questions by 30%, aiming to streamline the procurement process without compromising coverage quality. Overall, it is an intriguing cyber insurance proposition for mid-size corporations. Developed in collaboration with Safe Security and … Read more

Cybersecurity Skills Shortage Poses Significant Risks for Small and Mid-Sized Businesses (SMBs)

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Small and mid-sized businesses (SMBs) are grappling with a critical shortage of cybersecurity skills, leaving them vulnerable to increasingly sophisticated cyberattacks, according to a recent report from Sophos. The report, published in October 2024, highlights the disproportionate impact of the global cybersecurity talent shortage on organizations with fewer than 500 employees. These businesses, it warns, … Read more

Coterie Partners with Berkley Re and TransUnion to Offer Cyber Insurance

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Coterie Insurance has introduced cyber insurance to its platform through a partnership with Berkley Re Solutions and TransUnion. The new offering aims to provide small businesses with additional protection against the increasing risk of cyberattacks, which have reached record levels in 2023, according to the HIPAA Journal. Berkley Re Solutions will supply custom risk management … Read more

Cowbell Marks First Year in UK with Triple-Digit Growth

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Cowbell, an SME cyber insurance provider, celebrated its first anniversary in the UK by reporting impressive triple-digit growth across key metrics. A company press release noted that since expanding into the region in 2023, Cowbell has seen a 351% increase in premiums, a 327% rise in policies issued, and a 148% growth in its network … Read more

Concierge Cyber Enhances Membership Benefits with $100,000 Admitted Cyber Insurance for SMEs

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Small businesses are increasingly targeted by cyberattacks, accounting for 43% of incidents annually, with nearly half involving businesses with fewer than 1,000 employees. This trend has only intensified in the past year as more small businesses transition to cloud services and advanced technologies, increasing their vulnerability. That makes every new product designed to protect small … Read more

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