The Source for Cyber Insurance News, Insights and Data
“‘Many middle market companies tell us they want to improve their cyber posture but lack the staff, skill sets or access to cost-effective tools,’ said Alex Wells, Head of Middle Market at Zurich North America. ‘Cyber Concierge is here to help. In the unfortunate event of an attack, customers with the Cyber Concierge Suite don’t … Read more
Growth of the insurance-linked securities (ILS) asset class into cyber risks will likely not come from moving capital out of current lines: Artex Capital Solutions execs. “‘Do we think investors will jump to reallocate funds away from property CAT into cyber and other ILS-based risk lines? Unlikely. The most likely outcome will be a slow … Read more
“Cyber insurance carriers continued to explore (and pursue) standalone cyber placements in response to increasing pressure by reinsurers to place cyber separately,” Gallagher noted in its new 1st View report. We’ve noted the move to stand-alone cyber policies, including here Get the very first view of current market conditions within the reinsurance industry for the … Read more
The large European broker reports cyber insurance pricing is down some 9% so far this year, but ransomware incidents are up almost 50% YoY. So why the discrepancy? We think the lag between increases in ransomware attacks and growth in rates may be a significant part of the answer, as At-Bay noted earlier this year: … Read more
“Hack-A-Sat is a Capture the Flag (CTF) competition designed to inspire the world’s top cybersecurity talent to develop the skills necessary to help reduce vulnerabilities and build more secure space systems. In Hack-A-Sat 1, 2 and 3, the best of the best have been learning more about all the skills required to hack in space … Read more