The Source for Cyber Insurance News, Insights and Data
In a strategic move, Millennial Shift Technologies Inc. (mShift) has partnered with CyberCube, a prominent cyber risk analytics platform. The collaboration aims to enhance cyber risk transparency within the small to medium enterprise (SME) insurance market. mShift’s digital platform facilitates quick quoting, binding, and issuance of multiple lines of business in the SME cyber liability … Read more
Measured Analytics and Insurance, a leading AI-powered cyber insurance provider, announced its attainment of the Amazon Web Services (AWS) Cyber Insurance Competency. This recognition solidifies Measured as a distinguished AWS Partner Network (APN) member. In the AWS Competency Program, Measured utilizes a quoting solution to assess customers’ AWS environments via AWS Security Hub. The outcome … Read more
Cyberattacks are expensive. Cybersecurity is vital. In 2022 for small and medium-sized enterprises (SMEs), the average cost of an attack was $3.6 million, according to IBM’s 2023 Cost of a Data Breach Report. This was up from $3.1 million in 2021. To enhance cybersecurity for SMEs, MAPFRE, a leading Spanish insurer, has partnered with Cyberwrite, … Read more
San Francisco-based Coalition, the Active Insurance provider, has appointed Mr. Oliver Bäte, Chief Executive Officer of Allianz SE, to its Board of Directors. This strategic move underscores Bäte’s dedication to technological innovation in the insurance sector, especially in the ever-evolving landscape of cyber insurance. “We’re thrilled to have Oliver join Coalition’s Board as it’s a … Read more
The Global Cyber Insurance Market, valued at US$9.89 billion in 2022, is anticipated to witness a CAGR of 11.7% from 2023 to 2031. That is from a new report by TNR, The Niche Research. The research delves into the wake left by the COVID-19 pandemic. The international business landscape saw a decline in various sectors, … Read more