The Source for Cyber Insurance News, Insights and Data
Cowbell, a cyber insurance pure-play that targets small-and-medium businesses, has announced a new partnership to make it faster and easier for partners such as brokers and MGAs to sell its policies. Cowbell is partnering with Herald, which offers APIs that allow quoting and binding from multiple carries via a single interface, and Zywave, a provider … Read more
We’ve told you about the new SEC rules requiring disclosure by public companies of material cyber attacks within four business days. The rules are still being phased in, but Caesars Entertainment appeared to be proactive after its recent social-engineering breach that disclosed the driver’s license and/or social security numbers of loyalty program members. The attack … Read more
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance sector. “There is a clear need and a significant opportunity to accelerate growth in the global cyber underwriting market. However, there are many legitimate concerns … Read more
The team at Arch Insurance, part of the nearly $30b market-cap Arch Capital Group (ACGL), has announced Arch CyPro, its new primary cyber insurance offering. “Our dedicated claims experts and customizable policies available in all 50 states position us as a front-runner in this space. But what sets Arch CyPro apart is our solution-first mindset … Read more
The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates this surge is driven by the escalating frequency and severity of cyber-attacks worldwide. Cyber insurance, designed to cover financial losses resulting from cyber threats such … Read more