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Top News about Cyber Insurance
Strategic Partnership Targets Financial Clarity in Cyber Risk Insurance broker Lockton has formed a strategic partnership with cybersecurity risk analytics provider Axio. The collaboration aims to help organizations understand and communicate their cyber risks in financial terms using advanced data tools. The press release announcing the news touches on some modern-day realities in the cybersecurity … Read more
Launch of the Active Cyber Policy Coalition has introduced a redesigned cyber insurance policy. The Active Cyber Policy protects against modern digital threats like Funds Transfer Fraud, AI Deepfakes, and AI-caused system errors. This version updates its surplus lines coverage in the U.S. with clearer language and broader cyber insurance protections in an evolving digital … Read more
Cyber Insurance Solutions Now Available for $10B+ Revenue Enterprises Resilience has extended its cyber risk capacity to enterprises earning more than $10 billion in annual revenue. The move gives broker partners expanded cyber underwriting options to protect against cyber threats. A new partnership with Accredited Insurance and a panel of global cyber reinsurers backs this … Read more
Marsh Unveils CyberShore Bermuda Cyber Insurance Facility Marsh has launched CyberShore Bermuda, a new cyber insurance facility offering $30 million in excess Bermuda capacity. The facility targets coverage layers above $75 million. It provides follow-form excess coverage that aligns with existing cyber insurance programs. Claims Enhancement Streamlines Process A standout feature is the claims enhancement. … Read more
Certification-Based Process Replaces Outdated Methods Todyl has partnered with SPECTRA to revamp how MSPs and their clients obtain cyber insurance. The new process uses a three-step certification method that replaces traditional questionnaires and scans. “Traditional approaches to assessing cyber risk rely heavily on questionnaires or external scans that lack necessary context,” said John Nellen, Founder … Read more