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Top News about Cyber Insurance
Lockton Re has taken a step in reshaping its cyber risk management by becoming the first reinsurance broker to deploy CyberCube’s new Exposure Manager (XM) platform. The move highlights a growing demand for sharper visibility into cyber portfolio risk. This reality is driven by the fact that insurers and reinsurers are facing escalating cyber threats, … Read more
Rising Threats to Small Firms Ransomware, data theft, and business email compromise (BEC) keep hitting small firms. Many small operations lack dedicated cybersecurity. A single outage can halt revenue and drain cash. In times like that, small business cyber coverage can fuel the recovery. Hartford Rolls Out Integrated Coverage The Hartford expanded cyber insurance for … Read more
The UK government has released a landmark report on the nation’s cyber future. The study, A UK cyber growth action plan – final report, sets out a detailed growth plan and highlights urgent needs for resilience. It comes from experts at Bristol University and Imperial College London and was presented to Parliament this week. The … Read more
Aon’s latest renewal snapshot spans many lines and regions. This article highlights the key points from the broader report on cyber insurance and provides brief context on other lines. Cyber Insurance Market Tone: Resilient, With Stabilizing Rates Aon reports a resilient cyber market after ten straight quarters of rate decreases. The rate environment now shows … Read more
There’s a silver lining for organizations investing in cloud security. Cloud-first organizations now have a path to significant savings on cyber insurance. Antigen Security, LLC and Orca Security announced a strategic partnership that allows companies to qualify for 20–60% premium reductions. The move leverages Orca’s agentless Cloud-Native Application Protection (CNAPP) to deliver full-stack cloud-risk visibility. … Read more