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Top News about Cyber Insurance
In a strategic move to enhance its cyber risk offerings, Aspen Insurance Holdings has rolled out Aspen Cyber Risk Services (ACRS), a comprehensive suite developed in collaboration with Surefire Cyber. Launched globally on all policies, ACRS aims to empower Aspen insureds to proactively manage and respond to cybersecurity threats. The suite encompasses a range of … Read more
A few items from the week. It’s a wide bucket for Sundays, cyber insurance, cybersecurity, and more. Some we reported on, and others we found interesting. Enjoy them and enjoy the day!
The predictions come in the tech giant’s report “Cybersecurity Forecast 2024: Insights for Future Planning.” The report is a fascinating read for anyone involved in the cyber security arena — we were struck by the section on “Pig Butchering* scams,” among others — but more to point are the comments on cyber liability insurance. “Cyber … Read more
The specialist insurer has announced the closing of PoleStar Re Ltd, the Series 2024-1 Class A notes “designed to cover remote probability catastrophic and systemic events. Structured on an indemnity trigger and per-occurrence basis, the bond runs for a two-year term through to the end of 2025.” Capital from ILS (insurance-linked securities) will be increasingly … Read more
Fear is fueling fortunes in the encryption industry. As data breaches and cyber threats explode, the global network encryption market is bracing for a windfall. It is expected to reach a colossal USD 8.56 billion by 2032 (**see note below). This 7.8% annual growth surge signals a desperate scramble for digital shields, leaving no corner … Read more