Cyber Insurance

Top News about Cyber Insurance

Cyber Risk Pool Urgently Needed to Protect from Catastrophe

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Why a Cyber Risk Pool is Essential A newly released report from Lockton Re, “Cyber Risk Pools and Public-Private Partnerships: Time to Dive In?” highlights the urgent need for a cyber risk pool to mitigate the financial impact of large-scale cyberattacks. The report warns that existing insurance solutions are insufficient to handle systemic cyber threats, … Read more

Cyber Insurance Rates Fall 5% in the US as Other Markets Show Mixed Trends in Q4 2024

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Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital expected in 2025. Many companies reinvested premium savings into higher coverage limits and lower retentions. Claim volume increased, with over 2,000 US cases related to … Read more

MFA Security Gap: Why It Puts Cyber Insurance Coverage and Business Security at Risk

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A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more

Converge Cyber Insurance Expands – New Underwriting Capacity from Obsidian

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Converge Insurance has secured underwriting capacity from Obsidian Insurance Group. This enables it to offer cyber insurance for companies with up to $1 billion in revenue. A panel of reinsurers backs the partnership and aims to support wholesale brokers with comprehensive cyber coverage. Expanded Cyber Insurance Capacity Converge cyber insurance offerings include: Leadership Statements on … Read more

Cowbell Resiliency Services Launches to Combat AI Cyber Threats

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Adaptive cyber insurance provider Cowbell has launched Cowbell Resiliency Services (CRS) to help U.S. businesses address increasingly sophisticated cyber threats. The new unit provides policyholders with advanced cybersecurity services, including Managed Detection and Response (MDR), Penetration Testing, Cloud Identity Monitoring, and Cybersecurity Training. Cyber Threats Are Escalating AI-driven cyberattacks and geopolitical tensions have increased security risks. The … Read more

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