The Source for Cyber Insurance News, Insights and Data
A ransomware attack or wire-fraud scheme can quickly affect an entire private equity portfolio. Coalition believes that stronger cyber insurance and continuous security tools can help reduce this risk. The company has launched a Private Equity Practice for firms, sponsors, general partners, and their portfolio companies. This new service combines cyber insurance with cybersecurity tools … Read more
Ransomware crews can cripple a firm in minutes. They can freeze files, block payments, and stop customer service. Digital Minister Liz Lloyd delivered that warning to insurance brokers at BIBA’s manifesto launch. Lloyd set the tone early, saying, “Cyber security is not optional.” She added, “It is foundational to our national security, our economy, and … Read more
A Cyber Insurance Market – Under Construction Cyber insurance is still developing as a market. Buyers are looking for straightforward coverage, while underwriters want proof that security measures are in place. The latest Cyber Insurance News Podcast explores this tension with Max Perkins from Spektrum Labs. Perkins explains that cyber insurance is still new compared … Read more
The global cyber insurance market size is positioned for strong long-term growth, but competitive challenges are increasing for re/insuers, according to recent analyses from Market Research Future and S&P Global Ratings. According to a Market Research Future report, the cyber insurance market size is projected to expand from $13.13 billion in 2024 to $126.89 billion … Read more
Resilience has expanded its Technology Errors & Omissions (Tech E&O) coverage for companies earning over $25 million in annual revenue. Tech E&O coverage protects technology companies if their software, service, or product fails and causes a client to lose money. The program, supported by its Lloyd’s coverholder agreement, extends its cyber insurance policy to a … Read more