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Top News about Cyber Insurance
In 1588, a navigational error led to the defeat of the Spanish Armada, changing the course of European history. Even before modern technology’s advent, human error has had significant consequences. Unfortunately, the modern era has maintained these vulnerabilities. Today, CyberArk’s new report reveals that many of the same human errors and risky behaviors continue to … Read more
Insurers face increasing challenges in assessing and underwriting cyber risks. With that reality, relevant news. CyberCube and Penguin Tech have formed a strategic partnership to enhance cyber risk solutions for insurers. The aim? Better understanding, mitigation, and management of cyber threats. CyberCube will integrate its industry-leading cyber risk analytics with solutions Penguin Tech provides to … Read more
Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end of 2023,” estimates S&P Global Ratings report “Cyber Insurance Market Outlook 2025: Cycle Management Will Be Key To Sustaining Profits.” [Don’t tell Swiss Re, which … Read more
CFC has launched an insurance solution tailored for mid-size to multinational tech companies. Targeting businesses with over $250 million in revenue, the offering provides tech and cyber risks coverage. “The global value of intangible assets has reached almost $80 trillion, driven by innovations like AI and the increasing importance of technology in everyday life,” said … Read more
Coverdash, the insurtech broker, is now offering cyber insurance, and other covers, to start ups and SMBs via LendingTree, the large market place for business and other loans. “This strategic collaboration expands LendingTree’s suite of financial products for small to medium-sized businesses (SMBs), providing them with an efficient and streamlined way to obtain business insurance … Read more