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Top News about Cyber Insurance
Arch Insurance has unveiled its latest strategic move to solidify its position in the European cyber insurance market. The company announced the addition of Sergio Pierro as Senior Cyber Underwriter and Roxanne Deslandes as Cyber Underwriter. These appointments are part of Arch Insurance’s expansion within the European Union. The new recruits are set to join … Read more
Formerly known as Paladin Cyber, Upfort has raised $8 million from SYN Ventures, with participation from Eniac Ventures and Fika Ventures (Upfort seed investor). Valuation was not disclosed. The company describes itself as a cyber security and insurance platform that can improve underwriting for cyber liability insurance. “Upfort’s proprietary cybersecurity technology streamlines the cyber insurance purchase and underwriting process … Read more
The global cyber insurance market is projected to grow from $9.35 billion in 2021 to $68.17 billion by 2030, at a CAGR of 24.1%, according to a new report by Verified Market Research. The growth is being driven by a number of factors, including: The report segments the global cyber insurance market by deployment model, … Read more
We’ve written about the growth of personal cyber insurance and the challenges associated with it. Major insurance carriers continue to pursue the business, concluding that trends from the COVID pandemic provide tailwind for the market. “’When commercial cyber losses started coming with frequency and severity, it wasn’t just the businesses who were hit by extortion … Read more
Arch Insurance has strengthened its foothold in the European cyber insurance market with the recent appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters. Jiménez Fernández and Ortiz Losada will be part of the Arch Insurance (EU) dac team, specializing in property and casualty insurance solutions within the European Union. … Read more