The Source for Cyber Insurance News, Insights and Data
A note from our Executive Editor and Publisher Martin Hinton – Reposted from Linkedin Perhaps you’ve been wondering about all my reposts from Cyber Insurance News and Information. Allow me to explain in a historical context. First, Cyber Insurance News and Information is a content solution from our company Rhetorical Ronin. Our feeling is simple. … Read more
In an era dominated by technology, the specter of a cyber catastrophe looms large, posing a threat not fully comprehended. Companies are racing to bolster cyber resilience, and insurers are crafting solutions to these escalating risks. In the Q&A, shared by Chubb, Michael Kessler, Vice President, Chubb Group and Division President, Global Cyber Risk, discusses … Read more
Governor Kathy Hochul has proposed cybersecurity regulations for hospitals, backed by a $500 million budget allocation in the FY24 budget. These regulations aim to fortify hospital networks against escalating cyber threats, complementing the Health Insurance Portability and Accountability Act (HIPAA) Security Rule focused on safeguarding patient data. Under the proposed provisions, hospitals must establish comprehensive … Read more
We’ve reported extensively on the challenges of the cyber insurance industry in modeling systemic risk and the related accumulation risk (insurance risk of multiple, unanticipated claims from the same or related events, such as a large cyber attack.) InsuranceERM, a provider of news and information on insurance and risk, suggests the industry is using a … Read more
Allied Market Research reports that the global cyber insurance market, valued at $12.5 billion in 2022, is poised to skyrocket to $116.7 billion by 2032, showcasing an impressive CAGR of 25.3%. This surge results from an increased awareness of cyber risks and a broader range of coverage options. Cyber insurance addresses the fallout of data … Read more