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“Cyber insurance premiums amount to just a fraction of total losses from cyber attacks, with estimates putting the protection gap at 90%. There is much work to do to ensure…
Read More “How to Understand & Improve Cyber Insurance Markets: Swiss Re Report ” »
“During an XChange session titled ‘What An MSP Needs To Know About Cyber Insurance,’ …Paul Vedder, managing director of Palm Beach Grardens, Fla.-based VXI…agreed that compliance is becoming a larger…
Read More “MSPs Warned: Be Careful About Giving Clients Cyber Insurance Advice ” »
The OPED identifies the issue, but in our opinion is light on solutions. The writer suggests companies publicize their cyber risk controls: “Demonstrating such preparedness will appeal to shareholders and…
Read More “Wall Street Journal on Cyber Insurance and Acts of War ” »
CyberCube says it’s offering the first detailed Industry Exposure Databases (IED), which allow (re)insurers and brokers to quantify real-time cyber risks. “The first release of CyberCube’s Exposure Databases focuses on…
The cyber insurance industry needs reinsurance capital to keep growing. Coalition partnered with BDT Capital to form this independent Bermuda-based Class 3B reinsurer. “Joshua Motta, founder and CEO of Coalition,…
Read More “Re to the Rescue: BDT Capital Forms “Ferian Re” with Cyber Insurer Coalition ” »
“The group threatened to release the data of Medibank’s ‘1k most [prominent] media persons’ which includes ‘[those with the] most [social media] followers, politicians, actors, bloggers, LGBT activists [and] drug…
Read More “Creepy Twist from Hackers of Australian Insurance Company Medibank” »
The Indiana-based company reports a number of successful deployments, including one which allowed a non-profit to hold onto its cyber coverage after suffering two breaches before it retained SecondSight. “SecondSight’s…
“According to a report released by Marsh LLC last week, average cyber liability rates increased 54% in July compared with 133% in December 2021. Cyber rate increases are slowing but…
Read More “Growth of Cyber Insurance Rates Slows — But Premiums Still Going Up ” »
Fintech VC Canapi Ventures led the round in Elpha, which claims to be the first cyber insurance startup “to combine proprietary cybersecurity software with coverage to improve risk transfer.” Fused…
From the Dept. of Treasury — SUMMARY: Over the past several years, the Federal Insurance Office (FIO) in the U.S. Department of the Treasury (Treasury) has continued its ongoing efforts…