The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
Arch Insurance has unveiled Arch CyPro. This groundbreaking cyber insurance solution aims to proactively protect businesses in an ever-evolving landscape of cyber threats. With cyberattacks on the rise, Arch Insurance is seeking to redefine the standards for cyber insurance policies. Marilyn Marshall, Executive Vice President of Professional Liability and Cyber at Arch Insurance, emphasized the … Read more
The downside of blended insurance policies that include cyber with other coverage is well known. Blended policies can complicate underwriting and diversification and even create confusion and conflict between different types of insurance. Here’s a recent report of ours about potential conflicts between D&O and cyber insurance in light of new SEC cyber regs. Standalone … Read more
Cowbell, a cyber insurance pure-play that targets small-and-medium businesses, has announced a new partnership to make it faster and easier for partners such as brokers and MGAs to sell its policies. Cowbell is partnering with Herald, which offers APIs that allow quoting and binding from multiple carries via a single interface, and Zywave, a provider … Read more
We’ve told you about the new SEC rules requiring disclosure by public companies of material cyber attacks within four business days. The rules are still being phased in, but Caesars Entertainment appeared to be proactive after its recent social-engineering breach that disclosed the driver’s license and/or social security numbers of loyalty program members. The attack … Read more
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance sector. “There is a clear need and a significant opportunity to accelerate growth in the global cyber underwriting market. However, there are many legitimate concerns … Read more