The Source for Cyber Insurance News, Insights and Data
A carrier has put the question in writing. AI-related losses “may not fall neatly into one category of risk.” AXA XL and S-RM published Building Resilient AI on 23 September. The report names four loss scenarios that will test that sentence. A deepfake-enabled payment fraud. An AI-related data breach. A defective output causing third-party loss. … Read more
AXA XL announced Thursday it will acquire the remaining shares of S-RM. The specialty insurer already held roughly 49% of the London-based consultancy. AXA XL did not disclose financial terms. The deal needs regulatory approvals and should close by the end of September 2026. S-RM opened its doors in 2005 and now serves clients in … Read more
Picture your insurer reaching out before a breach happens, not just after. That’s the approach AXA XL is taking. The global specialty insurer has launched a new Prevention Business Unit, its fifth major division. The idea is straightforward: the best claim is the one that never occurs. Libby Benet, AXA XL’s Global Chief Underwriting Officer, … Read more
Adapt To Overcome – This threat is alive. It will mutate and exploit. It is motivated by both chaos and profit. Experts can assess the risks of fire and water using decades of knowledge. You could say they don’t evolve. Cyber attackers do. That makes cyber risk assessment a greater challenge. That’s why cyber insurance … Read more
To Err is Human, To Forgive is Fine, To Prevent is Divine Human error remains a dominant driver of cybersecurity incidents. Organizations worldwide continue to look for ways to reduce this persistent risk. The latest effort comes from AXA XL and KnowBe4, who have announced a global partnership to help clients build stronger human defenses … Read more