The Source for Cyber Insurance News, Insights and Data
The UK insurance market showed significant softening in 2024, according to Aon’s UK Insurance Market Outlook. The report highlights key factors of insurer profitability, increased market capacity, and intense competition. These resulted in more favorable conditions for buyers across most sectors. Turning to cyber insurance. The UK cyber insurance market emerged as a standout area … Read more
Alta Signa has appointed Audrey Louche to its Cyber Underwriting Division in France, strengthening its expertise in cyber risk insurance. Louche, an experienced cyber underwriter, previously worked at Cogitanda, Assurup, and Chubb. Based in France, Louche will help shape Alta Signa’s cyber insurance offerings, addressing the evolving risks businesses face. She will focus on supporting … Read more
According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more
Envelop Risk, a data-driven reinsurance and analytics specialist, has launched Envelop Underwriting to unify all its existing cyber underwriting in one strategic framework. This new division encompasses Envelop Risk Bermuda, Envelop at Lloyd’s, and Envelop Risk SPA 1925. Industry veteran Dom Peters joins as CEO of Envelop Underwriting, reporting directly to co-founder and group CEO … Read more
Onda has formed a strategic partnership with Panorays to integrate Panorays’ cyber risk assessment tool into its platform. This two-year collaboration aims to streamline Onda’s cyber insurance underwriting process and improve the determination of insurability against cyber threats. According to a Panorays press release, the partnership will enhance Onda’s risk assessment and monitoring capabilities, giving … Read more