The Source for Cyber Insurance News, Insights and Data
“Astaara’s cyber insurance covers ports and terminals, as well as ships, shipowners and ship managers. The insurance is led by A-rated cyber insurance industry leader Axis Specialty Europe SE, with Astaara backed by significant investment from the West of England P&I Club.” Of note, Astaara’s approach to cyber terrorism: “Recent estimates show that over half … Read more
The insurance pro will also oversee data science at the firm, which like its competitors must prove able to fuse insurance industry acumen with cutting-edge technology. “(I)n his new role as President of Corvus, (Prashanth) aims to build on the strong underwriting foundation and drive profitable growth. He will oversee sales, underwriting, actuarial, data science, … Read more
For reference, our post on “Skinny Cyber Insurance” for smaller companies with limited cybersecurity resources that need to prove coverage to their supply chain partners. “’The coverage that these companies would get out of the gate will be a little bit more restricted than it would be if they had controls in place,’ (Marsh’s Susan) Young … Read more
“A new scheme involves demanding that the target provide details of its cyber insurance policies so that the payment demands can be adjusted to fall within the coverage the victim purchased.” (We’ve written about this trend before… ) Excerpt of a message from a ransomware gang (provided by Varonis): “(S)ince the sneaky insurance agent purposely … Read more
“The nation boasts a thriving cyber insurance sector that is predicted to become a $20-billion industry by the middle of the decade, with the 10 largest cyber insurers accounting for almost 60% of the overall market. These insurers offer a range of policies designed to protect businesses in varying industries.” With cyber risks constantly evolving, … Read more