cyber insurance

FortiFI: One-Stop Cyber Insurance for Financial Institutions

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IQUW introduced FortiFI, a new insurance product combining Financial Institutions (FI) coverage with Cyber insurance, specifically tailored for U.S. clients. This integration addresses the growing concerns around cybersecurity, especially given that nearly 20% of global cyber-attacks target financial institutions. Tristram Prior, Lead Underwriter for IQUW Financial Institutions, emphasized the product’s significance, stating that a recent … Read more

Zurich North America Announces Kara Higginbotham as Head of Professional Liability and Cyber for U.S.

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Zurich North America has announced Kara Higginbotham’s appointment as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will lead a team of underwriters tasked with serving the company’s largest corporate and middle-market clients in the United States. In her new role, Higginbotham will manage the development and implementation of the underwriting … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on, and others we found interesting: Zywave, Cyberboxx, and CRC with moves, The First-Ever Cloud Outage Cat Bond, Election Risks and Staggering numbers coming out in the wake of the United Healthcare hack. There’s more. … Read more

80% of Businesses Underinsured: Cyber Breach Costs Shockingly Higher Than Insurance Coverage – Report

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In a recent report, CYE, a leading cybersecurity optimization platform provider, revealed alarming discrepancies in cyber breach insurance coverage. The study, “Inadequacies in Breach Insurance Coverage: A Data-Driven Gap Analysis,” highlights a massive 350% gap between organizations’ insurance coverage and the actual costs incurred from cyber incidents. This gap results in an average of $27.3 … Read more

Streamlined Cyber Insurance for Small Businesses: Acronis Partners with Mulberri

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Mulberri, an AI-driven insurance platform, and Acronis, a leader in cyber protection, announced a new partnership today to offer cyber insurance specifically designed for small and medium-sized businesses (SMBs) in the United States. This collaboration integrates Mulberri’s cyber insurance directly into the Acronis platform, enabling Acronis’s customers to easily opt-in for coverage. This partnership is … Read more

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