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Top News about Cyber Insurance
Munich RE is out with a useful new report, “Cyber Insurance Risks and Trends 2024,” that ranges from commentary on the growth of various cyber risks (ransomware is back) to a bullish projection that the cyber insurance market will reach USD $29 billion by 2027 (see below). The report’s analysis of threats includes the growing … Read more
Cowbell, a player in the cyber insurance sector specializing in providing small and medium-sized enterprises with comprehensive cyber insurance coverage, has announced the elevation of two key executives as part of its strategic initiative to enhance its leadership structure. Sahar Sabouni, previously serving as Head of Employee Success, has been promoted to Chief People Officer, … Read more
Coalition is among the pure play-leaders in the cyber insurance sector, touting its “Active Insurance,” which fuses insurance with cybersecurity tools to reduce client (and underwriting) risk. Earlier this year the company launched its full-stack carrier, the Coalition Insurance Company (CIC). From its new release: “(CIC) is now open for quoting Coalition’s admitted cyber product … Read more
Here it is—Your Cyber Insurance Sunday—Upload—A few items from the week. Some we reported on, and others we found interesting: Coalition with AI and expansion news, Marsh with a new offering, UnitedHealthcare and a $10 Million bounty, And AT&T confirms customer data numbering in the 10s of millions leaked on the Dark Web. There’s more. … Read more
“’It’s probably the worst that I’ve seen it in the 27 years that I’ve been doing this,’ said Scott Cornell, a cargo theft specialist at Travelers…As load boards (online platforms that match carriers with freight shipments) evolved to make brokering transactions online easier and faster, criminals—looking to steal large quantities of high-value goods—spotted opportunities, Cornell said.” The … Read more