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Integra Insurance and Reinsurance Broking Services, a leading cyber insurance broker in Turkey, announced its adoption of CyberCube’s Broking Manager. In doing so, Integra becomes the first Turkish broker to use this cyber risk analytics platform. This step is part of Integra’s strategy to expand its cyber insurance business and enhance its competitive position in … 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. Howden and Cyberwrite team up: A look at the impact of NIST’s Cybersecurity Framework: A Sunday read on the history of Cyber Liability Insurance: And the cherry on top, coverage for bakeries. There’s more. Take … Read more
The cyber insurance market is set to expand significantly, reaching a projected value of USD 68.35 billion by 2032, up from USD 8.2 billion in 2022. This forecast comes from Market Research Future (MRFR), which anticipates a compound annual growth rate (CAGR) of 26.57% between 2023 and 2032. An increase in cyber threats linked to … Read more
It’s been a decade since the National Institute of Standards and Technology (NIST) started developing its Cybersecurity Framework (CSF), which became a “best practices” standard for cyber security. Now the 2024 Healthcare Cybersecurity Benchmarking Study indicates that healthcare enterprises which have implemented the CSF see benefits in their cyber security insurance costs (which increased by … Read more
Brit Ltd announced the launch of Brit Cyber First50, a new initiative designed to simplify the placement of large cyber risks for institutional clients with revenues exceeding $10 billion. The program introduces a $50 million Primary Lloyd’s Consortium, led and managed by Brit, to address the increasing demand for efficient cyber insurance placement amid rising … Read more