The Source for Cyber Insurance News, Insights and Data
In the dynamic landscape of insurance shopping, a recent TransUnion report sheds light on sustained trends influencing the market. Auto and property insurance shopping rates showed stability compared to Q2 2023. But when measured against Q3 2022 they rose by 12% and 6%, respectively. The report, part of TransUnion’s Insurance Personal Lines Trends and Perspectives, … Read more
Aspen Insurance Holdings Limited (“Aspen”) has appointed Edward Hart as the new International Head of Cyber. Edward, who joined Aspen Insurance in February as a Senior Underwriter, brings a decade of cyber underwriting experience, previously holding key roles at Brit Insurance and Barbican Insurance Group. In his brief tenure at Aspen, Ed has bolstered distribution … Read more
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for the insurance industry.” See information on the report here. We found a number of the report’s findings valuable, including the role and recent history of … Read more
Measured Analytics and Insurance (Measured AI) has unveiled an intriguing white paper, “How Generative AI Will Transform Cyber Insurance in the Next 24 Months.” This release underscores generative AI’s pivotal role in reshaping the landscape of cyber insurance. You can find the whole paper here. Our summary follows. Generative AI, a cutting-edge technology poised to … Read more
The Data Health Check 2023 report, released by Databarracks, highlights the growing importance of cyber insurance. Cyber-attacks are now the leading cause of IT downtime and data loss. In 2023, ransomware remained a huge problem. Over half of organizations experienced a cyber-attack last year. More than two-thirds of companies could only survive less than one … Read more