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Keep an eye on the role of Managing General Agents/MGAs (brokers with underwriting authority from carriers), says @CyberDanBurke. “Greater adoption of MGA capacity and the willingness of traditional cyber insurance…
“(Beazley Head of Cyber Services Raf Sanchez) explained that this is because many incidents are notifiable not just to regulators but often must be disclosed to clients (who have inserted…
Just raised $4.3m seed round (see investors via link below) “Stoïk works a bit like Coalition in the U.S., except that it doesn’t partner with brokers to distribute its insurance…
Good summary, linked at bottom, from @ElanaAshanti based on detailed research from Adrian Mak @AdvisorSmith. We view the data as indicative/directional due to cohort of companies* analyzed (see below). Top…
“While the strategy may protect companies in the case of a lawsuit, since much of a legal firm’s research would be considered privileged information, the legal layers also make the…
“According to (Procor Solutions and Consulting’s Chris) Mortifoglio, who is a Certified Public Accountant and a Certified Fraud Examiner (CFE), understanding the ‘nuances and differences’ of a cyber insurance business…
Read More “Business Interruption Among Topics in Insurance Journal’s Top Cyber Stories of 2021” »
“NetGuard® Select, Tokio Marine HCC – Cyber & Professional Lines Group’s stand-alone personal cyber insurance is rated and underwritten to make it accessible to other classes of risk, according to…
Read More “Personal Cyber Insurance Market Is Here: Tokio Marine” »
“Corvus believes it has become the first US cyber insurtech to acquire a London underwriting platform, creating global underwriting capabilities and a partnership with Lloyd’s cyber insurance capacity.” Source: Tarian…
“(I)ncreases in deductibles, retention, sublimits, and co-insurance on ransomware payments, are making cyber coverage look more like health insurance.” Useful report from @natlawreview with collection of key cyber insurance metrics…
Read More “Is Cyber Insurance Starting to Resemble Another Major Insurance Category? ” »
“Because the market is changing so rapidly, what underwriters require today might look completely different compared to what we may require in 30-days’ time. As such, it’s important for brokers…