The Source for Cyber Insurance News, Insights and Data
We’ve written about the growth of personal cyber insurance and the challenges associated with it. Major insurance carriers continue to pursue the business, concluding that trends from the COVID pandemic provide tailwind for the market. “’When commercial cyber losses started coming with frequency and severity, it wasn’t just the businesses who were hit by extortion … Read more
A recent study conducted by QBE Insurance Group has uncovered alarming statistics concerning the susceptibility of businesses to cyber-attacks. The research points to employee errors and inadequate security measures as prime culprits. Among the findings? Nearly a third of employees, comprising 31%, have committed errors with the potential to compromise the cybersecurity of their workplace. … Read more
Arch Insurance has strengthened its foothold in the European cyber insurance market with the recent appointments of Jose Carlos Jiménez Fernández and Rafael Ortiz Losada as Senior Cyber Underwriters. Jiménez Fernández and Ortiz Losada will be part of the Arch Insurance (EU) dac team, specializing in property and casualty insurance solutions within the European Union. … Read more
The world’s largest public P&C insurance company, ticker “CB,” will enable $its 100m+ revenue clients to share cyber risk information via SentinelOne’s protection and response software. This is another example of insurers teaming with pure-play cybersecurity providers to increase the security of policy holders and improve underwriting and response. “‘The incorporation of SentinelOne’s endpoint protection … Read more
CFC, a leading specialist insurance provider in emerging risk and a market leader in cyber insurance, conducted a recent survey revealing that IT departments constitute the biggest obstacle to the sale of cyber insurance policies. Brokers from across the United States participated in the poll. It sheds light on the challenges they face when promoting … Read more