Coalition’s Valuation Doubles in Six Months as VCs Continue to Fund Cyber Insurance Players 

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“Coalition is not the only cyber insurer this year to attract the attention of venture capital. In March—the same month Coalition announced its Series D—Boston-based Corvus Insurance announced a $100 million Series C at a $750 million valuation, and Pleasanton, California-based insurtech startup Cowbell Cyber raised a $20 million Series A.” Source: VCs Continue To Flock To Cyber Insurance As Coalition’s … Read more

Brokers & Clients Continue to Lack Knowledge to Make Good Cyber Insurance Decisions:  Insurance Business America

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“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk is, and how comprehensive the coverage can be if properly placed.’ Another responded that the industry also needs to be ‘educating non-tech businesses on their … Read more

School District Gets Cyber + Crime Insurance Payment After Cyber Scam 

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“‘We went through cyber insurance and also crime insurance and between the two out of the $312,000 fraudulent … we’re recuperating $307,000, so though there will be a $5,000 loss to the district,’ she explained during the business manager reports period. ‘But thankfully, that’s a lot less than we anticipated that it could have been.’” … Read more

Zurich Teams with Cyber Insurance Startup BOXX as it Raises A Round 

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“Zurich Global Ventures CEO Says Jack Howell said: ‘BOXX’s prevention-led approach convinced us that they are building a winning business with the potential to actively shape cyber insurance for small to mid-sized businesses and consumers.’” Insurtech startup BOXX has closed its oversubscribed $10m Series A funding round to fund its global expansion plans. Source: Cyber … Read more

Risk Quantification in a “Hardening Cyber Insurance Market” 

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“The first is company mapping, which is equivalent to a company’s ancestral tree. Understanding parent entities and subsidiaries and how they work together inform cyber integrity. The second type is technographic data, which showcases the technologies, services, and data centers that the company relies on. Digital asset data is commonly used to understand the scale … Read more

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