The Source for Cyber Insurance News, Insights and Data
The insurance industry has used artificial intelligence (AI) for years in applications such as risk modeling, data forecasting, claims handling, and contact center operations. Now, Sixfold aims to transform how insurers assess cyber risks, helping them adapt to evolving threats and improve underwriting accuracy. With cyber insurance premiums projected to exceed $20 billion by 2025, … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Guy Carpenter and At-Bay look at Cyber CAT modeling for SMBs; CyberCube asks us to consider the hurricane of a cyber attack; Marsh McLennan and Zurich on the need for public-private partnerships … Read more
Natural disasters are easy to comprehend because the damage is visible, tangible, and emotionally striking; you can see the devastation and read the stories of lives lost. Cyberattacks, by contrast, lack this visceral impact—they unfold silently in digital spaces, often leaving no physical trace. But while they may seem less dramatic, cyber threats are no … Read more
CyberCube, a leading cyber risk analytics firm, estimates insured losses from the July 19 CrowdStrike outage to be between $400 million and $1.5 billion. Dubbed the “CrowdOut Event,” it was caused by a faulty CrowdStrike Falcon Sensor update, significantly impacting the standalone cyber insurance market. This incident represents a loss ratio impact of approximately 3-10% … Read more
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some we reported on and others we found interesting: CyberCube gets a new “fit.” Zywave Awards Resilience, Marsh, CrowdStrike, CFC, and many others. Coverdash on compliance. AttackIQ and Trium Cyber team up. And a more human concern regarding … Read more