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Top News about Cyber Insurance
The Index has been established by PERILS, the Swiss-based provider of catastrophe insurance data, and CyberAcuView, an organization set up by cyber insurers. The Index will include primary losses from systemic cyber incidents affecting more than one insurer and one policyholder. It will report events exceeding $500 million in industry losses within six months after … Read more
Cowbell will acquire data from Cloudflare, a provider of anti-DDOS and other security solutions to a wide range of customers. The integration will allow Cowbell to improve risk modeling and provide pricing breaks to its policy holders. Tapping onto the ecosystem of IT providers used by their policy holders appears to be a key part … Read more
The provider of “Adaptive Cyber Insurance” has launched its first UK-specialty product and hired Catherine Aleppo as its new sales director for the country. Aleppo previously led the cyber insurance department of a UK broker. She’s an example of the growing bench of experienced cyber insurance executives, very much needed by the rapidly expanding industry. … Read more
Artificial intelligence (AI) is one of the most transformative technologies of our time. With this transformative power comes a number of new and emerging threats that bring cybersecurity and cyber insurance to the forefront. The Beazley Spotlight on Cyber and Technology Risks 2023 report states, “For the insurance industry, working with clients to help them … Read more
Insurance Business UK says: “Companies will be assessed based on the strength of their relationships with brokers, their ability to handle claims, their underwriting expertise and, most importantly, the strength of the individual products they provide.” Find out how to take the survey here.