The Source for Cyber Insurance News, Insights and Data
“NordPass will now be incorporated into Cowbell Rx, Cowbell’s referral platform for cyber security solutions and risk management, as part of the deal. Policy holders will also be offered a 15% discount on NordPass Business.” Source: NordPass teams up with insurance provider Cowbell Cyber to improve security awareness | IT PRO
“‘Cyber insurance is a unique partner in the pursuit of comprehensive digital risk management,’ said Patrick Donahue, Director of Product at Cloudflare. ‘At-Bay is dedicated to incentivizing their customers to adopt effective security measures, and together, customers with both At-Bay cyber insurance and Cloudflare security tools in place are in a strong position to manage … Read more
“The affordability of cyber insurance was flagged as a concern by US-based News Corp when it reported a cyber attack earlier this month. The group said: ‘The company cannot be certain that its current level of insurance or the breadth of its terms and conditions will continue to be available on economically reasonable terms.’” Source: … Read more
“Specifically, the proposal would:● Require advisers and funds to adopt and implement written policies and procedures that are reasonably designed to address cybersecurity risks;● Require advisers to report significant cybersecurity incidents to the Commission on proposed Form ADV-C;● Enhance adviser and fund disclosures related to cybersecurity risks and incidents; and● Require advisers and funds to … Read more
Company rebounded in 2021 after 2020 loss due in part to claims for COVID-related event cancellations. “Beazley…had a combined ratio – a key measure of an insurer’s profitability – of 93% compared to 109% a year earlier. A level below 100% indicates an underwriting profit…its annual gross written premiums jumped 30% to $4.62 billion, with … Read more