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Interesting tidbit in CyberCube yearly report: “All cyber cat bonds issued in 2023 utilized CyberCube’s model, marking an expansion into CyberCube serving the financial sector.” ILS growth in cyber liability insurance sector will depend on constantly improving risk data.
Sometimes, words catch your eye and mind. Why? Because they efficiently frame the reality. Today, I read “cyber driven panic paralysis” in relation to cybersecurity and small and medium-sized businesses (SMBs). It encapsulates the way many small business owners feel about the cybersecurity and insurance landscape. These words were found on the Proaxiom website. In … Read more
Cyber insurance professionals well remember the market shake up and debate a year ago when Lloyd’s Market Association announced model cyber war clauses. As we reported, the announcement led to market confusion, claims such an attack could cost trillions of dollars, push back about such dramatic reports on the cost of cyber war and growing … Read more
In a bid to bolster cybersecurity resilience among small and midsize enterprises (SMEs), Measured Analytics and Insurance (Measured) has unveiled a strategic alliance with KnowBe4, a leading provider of security awareness training and simulated phishing platforms. The collaboration seeks to integrate Measured’s AI-powered cyber risk management with KnowBe4’s acclaimed security training programs. The result? A … Read more
The Department of Health and Human Services (HHS) recently released a comprehensive guide on implementing cyber insurance for medium to large-sized healthcare organizations. Yesterday, we looked at their guidance for small healthcare organizations. Today, it’s medium and large organizations. Let’s take a look. Cybersecurity insurance is vital for businesses facing the growing threat of cyber … Read more