The Source for Cyber Insurance News, Insights and Data
Brit Ltd announced the launch of Brit Cyber First50, a new initiative designed to simplify the placement of large cyber risks for institutional clients with revenues exceeding $10 billion. The program introduces a $50 million Primary Lloyd’s Consortium, led and managed by Brit, to address the increasing demand for efficient cyber insurance placement amid rising … Read more
In a strategic move to enhance cyber security measures globally, Cyberwrite, a noted cyber insurance technology company, has partnered with Howden, a global insurance intermediary group. The collaboration is designed to provide Howden’s clients in over 50 countries with advanced tools and insights for dealing with cyber threats more effectively. Cyberwrite brings to the partnership … Read more
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most … Read more
Ballistic Ventures has closed its second fund, gathering $360 million to fuel innovations in the cybersecurity arena. This development marks a significant milestone in the firm’s commitment to fostering the next generation of cybersecurity solutions. With the sector’s total addressable market projected to swell to between $1.5 trillion and $2 trillion, Ballistic Ventures aims to … Read more
“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more