The Source for Cyber Insurance News, Insights and Data
In a strategic move, Millennial Shift Technologies Inc. (mShift) has partnered with CyberCube, a prominent cyber risk analytics platform. The collaboration aims to enhance cyber risk transparency within the small to medium enterprise (SME) insurance market. mShift’s digital platform facilitates quick quoting, binding, and issuance of multiple lines of business in the SME cyber liability … Read more
A recent report published by the International Underwriting Association (IUA) and CyberCube has shed light on the increasing significance of supply chain risks within cyber insurance. It underscores the need for underwriters to scrutinize their clients’ business continuity plans. All while providing a comprehensive checklist for assessing an organization’s cyber supply chain. In a digital … Read more
“In a new report, CyberCube conducted an analysis of cyber cat events and documented over 100 global cyber aggregation events with catastrophic potential over the past six years – equating to approximately one every three weeks. The vast majority of those events were resolved by the cybersecurity community with minimal financial loss to insurers. However, … Read more
“This paper makes the compelling case for cyber ILS, having addressed the common objections. The massive opportunities which arise from the continued demand for cyber (re)insurance will only be further enhanced by the successful execution of cyber ILS transactions. This will increase (re)insurance capacity, as well as isolate cyber catastrophe risk into a tradeable format. … Read more
In an insurance sector where historical actuarial tables do not exist, analytics are key for everything from underwriting to risk mitigation and response. From the press release: “…$50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured … Read more