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Top News about Cyber Insurance
Formation of Cyber Risk Advisory Board Spectra has released its new Certification of Resilience for MSPs, marking an industry first. The certification is designed to improve cyber resilience and insurance outcomes for managed service providers (MSPs). At the same time, Spectra has announced the creation of its 2025 Cyber Risk Advisory Board. The board comprises … Read more
Cyber Risk Stellar Cyber has released an upgraded MITRE ATT&CK Coverage Analyzer. The advanced threat detection tool now allows organizations to quantify detection posture and optimize cyber risk for insurance purposes. Jeff Hill, Global Senior Director at Stellar Cyber, stated, “Risk managers, enterprise security leaders, and insurers need modern tools to understand how technology decisions … Read more
First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more
Artificial Intelligence Risk We hear about artificial intelligence reshaping cybersecurity. We hear about hackers wielding AI tools. Now, broader AI concerns are entering the spotlight. A recent Hogan Lovells post emphasizes that existing cyber insurance may not be sufficient to cover AI-driven risks. “Existing cyber cover might encompass certain AI-related liabilities, but the cyber market … Read more
Real-Time Cyber Risk Exposure Now at Cedants’ Fingertips Coalition Re has launched its new Helios platform to help cedants gain real-time visibility into their cyber risk exposure. Starting July 1, 2025, all new cedants will have access to the platform. Existing cedants can use it now. The Helios platform enables users to track systemic cyber … Read more