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Top News about Cyber Insurance
Despite rising cyber threats and AI adoption, Singapore’s cyber insurance uptake among SMEs is on the decline. A recent QBE report found that just 36% of Singapore’s SMEs report having any cyber coverage, down from 38% last year. At the same time, cyber incidents rose, and awareness of cyber risks fell from 47% to 40%. … Read more
“We’ve come a long way in our journey from the first ever cyber cat bonds, which were private, we’ve now got three 144A cat (catastrophe) bonds out there covering the cyber risks,” said Richard Gray, Head of Third-Party Capital at Beazley in this report from Artemis, a provider of information on insurance catastrophe bonds and … Read more
If you think critical infrastructure, what springs to mind? Probably transportation, energy, or healthcare systems that, when disrupted, can cripple our daily lives as well as the broader economy. We rightfully worry about this. We defend against cyberattacks such as ransomware shutting down hospitals, DDoS attacks disrupting financial institutions, data breaches compromising sensitive information, attacks … Read more
Invi Grid has been added to the Cowbell Rx cybersecurity marketplace, offering Cowbell Insurance policyholders new options for cloud security tools. The cybersecurity partnership allows discounted access to Invi Grid’s Intelligent Cloud platform. Enhanced Cybersecurity for Policyholders Invi Grid Intelligent Cloud offers solutions focused on Day Zero security and AI/cloud infrastructure governance. The platform lets … Read more
Cyber risk analytics firm Cyberwrite and global insurance broker Howden have expanded their partnership to deliver cyber risk insights. The partnership is now active in 52 countries and also available in seven languages. The press release announcing the news notes the expansion allows Howden brokers to offer actionable insights into cyber threats, helping businesses better … Read more