The Source for Cyber Insurance News, Insights and Data
The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how insurers assess cyber risks, helping them adapt to evolving threats and improve underwriting accuracy. With cyber insurance premiums projected to exceed $20 billion by 2025, … Read more
In an effort to ease the often cumbersome process of obtaining cyber insurance, The Baldwin Group announced the launch of Cyber Navigator, an API-connected placement platform, in collaboration with digital commercial brokerage firm Limit. This announcement marks Baldwin’s first in-house digital placement tool, streamlining the process for procuring cyber insurance. Cyber Navigator’s advanced technology simplifies … Read more
A recent report published by the International Underwriting Association (IUA) and CyberCube has shed light on the increasing significance of supply chain risks within cyber insurance. It underscores the need for underwriters to scrutinize their clients’ business continuity plans. All while providing a comprehensive checklist for assessing an organization’s cyber supply chain. In a digital … Read more
The report focuses on how cyber insurance applicants can avoid future claims nightmares by answering underwriting questions accurately. It also suggests applicants carefully consider the interaction of cybersecurity coverage with related exposures such as the protection of personal information. But a more fundamental issue exists, suggest one cyber insurance claims officer. “James Berry, London-based chief … Read more