cyber insurance

Coalition Partners with Mitsui Sumitomo Insurance to Expand Cyber Insurance in Australia

by

Cyber insurance in the Asia-Pacific (APAC) region is expanding rapidly as businesses confront increasing threats from cyberattacks and data breaches. As digital transformation accelerates across industries, companies of all sizes become more vulnerable to risks like ransomware, phishing, and malware. Coalition has announced a multi-year capacity agreement with Mitsui Sumitomo Insurance Co., Ltd. (MSI), part … Read more

Kroll Appoints Katherine Keefe to Lead Global Cyber Insurance Capabilities

by

Kroll announced the appointment of Katherine Keefe as Managing Director and Global Cyber Insurance Industry Lead. In this role, Keefe will lead Kroll’s global cyber insurance efforts, expanding services for insurance clients dealing with evolving cyber threats and regulatory challenges. Dave Burg, Global Head of Cyber & Data Resilience at Kroll, emphasized Keefe’s expertise and … Read more

Pen Underwriting Launches Revamped Corporate Cyber Insurance Offering

by

Pen Underwriting has relaunched its cyber insurance proposition for large corporate clients, marking a significant expansion in its coverage and risk appetite. Announced on October 17, 2024, the revamped offering includes £10 million in primary cover and a £15 million limit for excess of loss (XOL), backed by a consortium of A-rated capacity providers with … Read more

The Role of Human Error in Cybersecurity Failures and How to Mitigate It

by

Humans are the heartbeat of any organization, driving innovation, decision-making, and daily operations; as both customers and employees, they keep businesses afloat. However, with human involvement comes the inevitability of human error. This issue transcends industries—whether it’s the 1999 NASA Mars Climate Orbiter crash caused by a metric conversion error or the 2021 Colonial Pipeline … Read more

Cyber Insurance Market Grows, But C-Suite and Board Engagement Remains Low

by

Despite the growing adoption of cyber insurance across large enterprises, a striking gap remains in executive and boardroom engagement with these crucial policies. According to the 2024 Cyber Insurance Report by QBE North America and Zywave, only 38% of companies frequently discuss cyber insurance at the C-suite level, and fewer than 20% of boards are … Read more

×