The Source for Cyber Insurance News, Insights and Data
Embroker has announced a strategic partnership with Millennial Shift Technologies (MShift), a policy distribution platform for insurance brokers. This partnership introduces an automated Excess Technology Errors and Omissions (Tech E&O) / Cyber solution via Embroker Access. Excess Technology Errors and Omissions (Tech E&O) insurance provides additional coverage beyond the limits of a primary Tech E&O … Read more
According to a SkyQuest Technology report, the global cyber insurance market, valued at $12.94 billion in 2022, is poised for exponential growth. Analysts forecast the market to expand from $16.21 billion in 2023 to an astounding $100.62 billion by 2031, driven by a robust compound annual growth rate (CAGR) of 25.70% over the forecast period. … Read more
The Howden 2024 Cyber Report reveals a dynamic and evolving cyber threat landscape. According to NCC Group data, the frequency of ransomware attacks surged by 85% over the past year. This rise follows a dip due to geopolitical disruptions like Russia’s invasion of Ukraine. Ransomware remains the most costly form of cyber attack, driven by … Read more
Resilience has announced a significant enhancement to its cyber insurance offerings, doubling its coverage limits for US clients to $20 million per client in response to escalating cybercrime threats. This increase aims to bolster defenses against the rising tide of cyber attacks. The new limits are part of a syndicate agreement with Lloyd’s Insurance Facility, … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Coalition looks at UK Mid-Market needs; Keepit and others on ransomware; The US Congress has a hearing; CISA hacked; SecurityScorecard reports that healthcare makes a grade, but it’s not an A. There’s more. Take a look. Share it. … Read more