The Source for Cyber Insurance News, Insights and Data
Howden has unveiled its expanded US cyber practice to address the rising demand for cyber liability insurance among corporate clients. The new initiative launches a senior leadership team specializing in brokerage, underwriting, claims, and cyber risk strategy, reflecting the increased threats posed by ransomware and business interruption events. “Our own data shows that cyber protection … Read more
CyberCube predicts that in 2026, organizations with poorly managed AI programs will face negative consequences, while those adopting AI responsibly, particularly in cyber insurance, will benefit. These conclusions are detailed in its Cyber Predictions Report 2026. In its press release, CyberCube described AI as a boardroom obsession and a market disruptor. The company said AI … Read more
The global insurtech, BOXX Insurance, announced three new appointments to drive its U.S. growth and cyber insurance coverage strategy. The Insurtech company continues to expand its U.S. presence through leadership in distribution, claims, and technology. Leadership to Strengthen Distribution and Broker Partnerships Joe Gates joins BOXX as Head of Distribution, Central. He will manage the … Read more
Compared to the same period last year, cyber claim severity dropped by more than 50% in early 2025, according to Allianz Commercial’s new Cyber Security Resilience 2025 report. The findings highlight stronger defenses among insured firms, but also reveal expanding risks from data theft, supply chain disruption, and privacy litigation. Claims Decline in Severity, but … Read more
Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more