The Source for Cyber Insurance News, Insights and Data
“’So then the question is going to be, well, is there coverage for the attack? Is there coverage for the fire? Does the policy exclude coverage for both? And these are some real tough questions that need to be asked in evaluating the claim,’ (Marc Voses, partner at Clyde & Co.) said. ‘You might have … Read more
According to the report, Microsoft and AWS are offering the service, but Google is most advanced. “The crux of the approaches is the use of a customer’s IT configuration data provided directly from the cloud providers, which can give insurers a degree of certainty they’ve never before had when assessing the cyber risk of potential … Read more
“Around 90% of ILS fund managers are concerned about the potential for silent cyber exposure within their funds, said S&P, quoting PCS, a Verisk business and provider of catastrophe data. ‘Since silent cyber claims can have a detrimental impact on other insurance lines of business, ILS funds with exposure to operational or property risk already … Read more
“New research released this week revealed that 64% of security decision-makers across the US, UK, France, Germany, Belgium, Netherlands and Australia suspect their organization has been directly targeted by a nation-state cyberattack. With nation-state attacks on the rise and insurance coverage narrowing, enterprises will need to review their policies to ensure they’re not left exposed to … Read more
“In its ‘2022 Cyber Insurance Market Trends Report,’ Panaseer surveyed 400 insurers across the globe; respondents cited cloud security as the top factor when assessing security postures because of the growing hybrid workforce.” Source: For cyber insurance, some technology leads to higher premiums