Cyber Insurance for SMEs/SMBs

Mea Culpa from RPS: Cyber Insurance Prices Not Going Up as Expected

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We’re fans of research from RPS/Risk Placement Services, the brokerage and MGA. Early this year, the firm predicted a correction in cyber pricing driven by factors such as increased fraud perpetrated by AI. But in its 2024 Q3 Cyber Market Update, RPS concedes the “market hardening” and price increases have not yet occurred. “Since the … Read more

Blumira and Trava Security Partner to Help SMBs Manage Cybersecurity Risks

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Blumira and Trava Security have announced a strategic partnership aimed at helping small-to-midsize businesses (SMBs) manage cybersecurity challenges, such as limited budgets, insufficient cyber-skilled training among employees, and the steadily growing number of cyber-attacks. The rise in cybercrime has led many companies to invest in cybersecurity software. However, smaller businesses often struggle to access sophisticated … Read more

Which Sectors Have the Highest and Lowest Cyber Insurance Penetration? A Survey from Sophos Has Answers

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The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more

Cork and DataStream Partner to Revolutionize Cyber Insurance for MSPs And SMBS

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Small and medium-sized businesses (SMBs) often struggle to manage their cybersecurity while also running their operations. Recognizing this challenge, Cork Protection, Inc. has announced a strategic partnership with DataStream to streamline cyber insurance policy underwriting and bolster cyber protection for Managed Service Providers (MSPs) and their clients. Paul Guthrie, Managing Director of DataStream, emphasized the … Read more

Corvus Insurance Expands Cyber Insurance Offerings for Small Businesses

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Small businesses often struggle to secure comprehensive cyber insurance due to limited coverage options and stringent underwriting criteria, leaving many vulnerable to cyber threats. With that in mind, Corvus Insurance has announced several enhancements to its underwriting capabilities and cyber services. These updates aim to expand the company’s reach and better serve its policyholders. For … Read more

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