The Source for Cyber Insurance News, Insights and Data
A recent study by Recast Software and Ponemon Institute found the cybersecurity insurance market is witnessing a significant uptick in demand. This rise comes as the scale and cost of cyberattacks continue to rise. The study, conducted in the Fall of 2023, revealed that 41% of organizations experienced a surge in cybersecurity incidents. That prompted … Read more
Quotey, the multi-insurer commercial lines quoting and cover comparison tool in Canada, has expanded its marketplace to include CFC’s Cyber insurance product. CFC, a global specialist insurance provider and leader in cyber risk, will now offer instant cyber insurance quotes through Quotey. Canadian brokers using Quotey can access CFC’s quotes for over a thousand specific … Read more
Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, has launched Envelop SPA 1925. It is a dedicated cyber reinsurance Special Purpose Arrangement (SPA) at Lloyd’s, collaborating with Apollo through its Strategic Partner Syndicates business and Apollo Syndicate 1971. Chris Baddeley, an active underwriter based in London, heads the SPA, which began operations on January … Read more
From cyber insurance to fascinating finds, this issue of Cyber Insurance Sunday’s newsletter has a bit of everything. Well, not everything, no recipes. Happy reading!
CoverForce has expanded its API toolkit to include cyber insurance. This development responds to the soaring global growth of the cyber insurance subsector. It is predicted to increase by 25-30% annually. With an estimated market value of $23 billion by 2025, according to S&P Global. The CoverForce API already encompasses an extensive range of commercial … Read more