The Source for Cyber Insurance News, Insights and Data
AXA XL launched a new cyber insurance endorsement specifically designed to meet the cybersecurity needs of U.S. construction firms. This innovative endorsement offers enhanced coverage that aligns with the industry’s increasing use of digital tools like 3D models, AI, IoT devices, and supply chain management software—technologies that expose construction companies to unique cyber vulnerabilities. Michelle … Read more
In a collaborative effort to strengthen digital defenses and improve cyber insurance accessibility, CrowdStrike has unveiled its new Falcon for Insurability program. This initiative is designed to help organizations qualify for cyber insurance with top-tier protection at preferred rates. The program allows insurers like Ascot Group, AXA XL, Beazley Insurance, Berkley Cyber Risk Solutions, Coalition, … Read more
In a strategic move to fortify its position in the ever-evolving landscape of cyber insurance, AXA XL has appointed Michelle Chia as the Chief Underwriting Officer for Cyber in the Americas. The announcement highlights AXA XL’s commitment to innovation and growth in the face of an escalating need for cyber defenses and insurance. Ms. Chia … Read more
Global cyber insurtech leader BOXX Insurance has partnered with AXA to introduce a new cyber insurance risk prevention solution for small businesses. The collaboration aims to strengthen small enterprises against the increasing cyber-attack threats by providing a comprehensive suite of proactive measures. Acknowledging the challenges small businesses face in obtaining robust cybersecurity support, BOXX Insurance … Read more
No doubt the major insurtech players (and, of course, the hackers) have a good start on leveraging AI for their business challenges. This report covers some of the areas AI will impact in the short term. “AI automation could make the claims filing, evaluation, and settlement processes more efficient. ‘Algorithms that use machine learning can … Read more