The Source for Cyber Insurance News, Insights and Data
Cowbell has entered the Australian cyber insurance market, rolling out a new standalone policy for small and mid-sized businesses on Zurich Australian Insurance Ltd’s paper. The company said its Prime One programme targets SMEs with annual turnover of up to A$100 million. Cowbell will use its AI-driven underwriting platform and in-house claims capabilities. At the … Read more
Coalition, an Active Insurance provider, has expanded into the excess cyber insurance market in Australia. This move allows businesses to enhance their cyber risk management with up to AUD 20 million in additional coverage on top of their primary insurance. Australian brokers can now offer Coalition’s excess policies, which include drop-down cover for specific sub-limited … Read more
Article notes that some Aussie businesses are slacking off on cyber security after they get coverage. Plus, local regulators are prodding cyber insurers to ensure their own cybersecurity houses are in order. There is an understanding among Aussie companies that cybersecurity is a growing risk, and that cyber insurance is something that might help. … Read more