Cyber Risk

Cyber Insurance Companies Face Loss Ratio Impact from Amazon Outage

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CyberCube dubbed the recent Amazon Web Services (AWS) outage “Amazonk.” The outage disrupted major platforms, including Snapchat, Fortnite, Roblox, Coinbase, and Venmo. Cyber insurance companies are now assessing the financial fallout, with CyberCube estimating potential losses between $38 million and $581 million. CyberCube’s Analysis Highlights Moderate Loss Ratios CyberCube’s report notes that the outage “is … Read more

Navacord Partners with Cyberwrite to Advance Cyber Insurance Policy Growth in Canada

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Cyberwrite has partnered with Navacord Corp. to expand cyber insurance policy adoption across Canada. The collaboration gives Navacord’s brokers access to Cyberwrite’s patented AI-driven cyber risk quantification platform. The partnership equips brokers to help clients measure financial exposure to cyberattacks and secure suitable cyber insurance coverage. “Cyberwrite enables Navacord’s brokers to help their clients quantify … Read more

HSB Canada Expands Cybersecurity Insurance Coverage with New HSB CyberPro, Solution

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HSB Canada has introduced HSB CyberPro. The offering is a new cybersecurity insurance solution for Canadian businesses. The policy offers protection against cyberattacks, business interruptions, and data breaches across multiple industries. Comprehensive Cybersecurity Insurance Protection HSB CyberPro combines insurance coverage with risk management tools. It includes cybercrime protection, data restoration, and crisis management support. The … Read more

CFC Cyber Development Team Expands U.S. Cyber Insurance Operations

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CFC has launched a new U.S.-based cyber development team, reinforcing its position in the cyber insurance market. The company also expanded its regional footprint through the appointments of John Keebler and Morgan Justice. Keebler joins as National Cyber Development Leader for the USA, operating from Chicago. He will oversee strategic cyber initiatives and broker relationships … Read more

Elpha Secure and SentinelOne Partner to Strengthen Cyber Insurance and Cybersecurity for SMBs

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New Partnership Enhances Cyber Resilience Seeking to make sure small businesses keep coming up roses, Elpha Secure and SentinelOne announced a partnership to protect SMBs with combined cyber insurance and cybersecurity. Elpha Secure delivers the first fully integrated cyber insurance and security platform. SentinelOne provides an AI-powered cybersecurity solution with advanced endpoint detection and response. … Read more

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