Cyber Insurance

Top News about Cyber Insurance

Ramping Cyber Insurance Premiums Help Hiscox Hit Profitability in H1 2021 

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Hiscox Ltd (LSE:HSX) lists increasing cyber insurance rates as part of its turn to profitability in the first half of 2021, according to its 2021 interim and Chairman’s statement. “Rate strengthening is particularly prominent in cyber, where we have seen an average rate increase of 20%, primarily in response to the increased frequency and severity … Read more

The “Reese’s Peanut Butter Cup” Cyber Insurance Strategy: Combine Insurance with Anti-Ransomware Software

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The solution comes from TechAssure, a non-profit consortium of insurance and risk mitigation companies, which has teamed with RiskAnalytics and ICE Cybersecurity to provide the program. “The missing piece in cyber insurance has always been proactive protection of cyber insureds,” said TechAssure Executive Director Garrett Droege in a press release. “Many companies offer cyber security … Read more

Cyber Insurance Industry Is Struggling. Here’s How to Fix It, Suggests UK Security Think Tank

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The insurance industry has failed to keep up with the cyber risk environment, says the Royal United Services Institute for Defence and Security Studies in a June 2021 report. It offers 10 suggestions, which we include below with some UK-only information, such as specific government agencies, removed. CNI readers will note the suggestion, seen more … Read more

Do I Already Have Cyber Security Insurance? If You Have to Ask, the Answer is Probably “No.”

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Cyber insurance — also called cyber security insurance, cyber liability insurance, cyber risk insurance, and data security insurance, among other terms — is an insurance product used to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial … Read more

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