The Source for Cyber Insurance News, Insights and Data
Picture your insurer reaching out before a breach happens, not just after. That’s the approach AXA XL is taking. The global specialty insurer has launched a new Prevention Business Unit, its fifth major division. The idea is straightforward: the best claim is the one that never occurs. Libby Benet, AXA XL’s Global Chief Underwriting Officer, … Read more
Healthcare remains the most targeted sector in cybersecurity. Breaches multiply. Ransomware disrupts patient care. Regulators raise the bar. Most of the coverage focuses on large hospital systems and health insurers. Far less attention lands on a specific and vulnerable corner of that market: the hospitals that treat children. A new report from Black Book Research … Read more
Only one in nine ransomware attacks becomes publicly disclosed. The rest happen in silence. That gap between what is reported and what is real has direct consequences for every organization that buys, sells, or underwrites cyber insurance. This ransomware trend is just part of the BlackFog Q1 2026 State of Ransomware report, released on May … Read more
At-Bay’s analysis of more than 6,500 claims documents how Akira ransomware and a single VPN brand reshaped the cyber insurance loss landscape in 2025. Cyber insurance claims hit record highs in 2025. Frequency rose 7% year-over-year. Average severity climbed to an all-time high of $221,000. Those are the headline numbers. The story behind them is … Read more
Inaccurate asset inventories create underwriting fictions. Cork Cyber’s new automated mapping capability builds the auditable data foundation that carriers and brokers are increasingly demanding. Cork Cyber announced Auto Mapping at N-able Empower 2026 on April 16. The new capability is built into Cork Vantage, the company’s cyber risk intelligence platform designed for managed service providers. … Read more