The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
You needn’t go far to find market projections of dramatic growth for the cyber insurance industry, such as this recent estimate of 22.60%CAGR from 2022 to 2030. Not so fast (pun intended) says Swiss Re in its new report “Reality Check on the Future of the Cyber Insurance Market,” which predicts growth of “just” 8% … Read more
THREE Business Insurance has released insights on affordable financial protection and bar insurance coverage options. One they highlight is the growing importance of cyber insurance. Many bar owners mistakenly believe they must be bigger to attract cybercriminals. Still, recent incidents show that no business is immune. In a recent example, Bret Csencsitz, owner of the … Read more
AdvantageGo, a commercial (re)insurance software provider and part of Coforge announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the (re)insurance industry. The partnership integrates CyberCube’s analytics into AdvantageGo’s Underwriting Workbench to enhance underwriting insight with additional cyber-specific data. CyberCube’s analytics offer insights into risk signals, cyber events, peer risk comparisons, … Read more
You’ve seen plenty of reports on how hackers are leveraging AI to commit cyber crimes while insurers are using the technology to improve underwriting and customer service. Now experts report risks from AI are prompting stand-alone cyber insurance policies covering losses by users of the evolving technology, a market Deloitte predicts could grow at a … Read more
Envelop Risk, a data-driven reinsurance and analytics specialist, has launched Envelop Underwriting to unify all its existing cyber underwriting in one strategic framework. This new division encompasses Envelop Risk Bermuda, Envelop at Lloyd’s, and Envelop Risk SPA 1925. Industry veteran Dom Peters joins as CEO of Envelop Underwriting, reporting directly to co-founder and group CEO … Read more