The Source for Cyber Insurance News, Insights and Data
Cyber insurance growth has stalled after a decade of rapid expansion. So where does the market go from here? That’s the central question of Howden’s new report, Cyber Insurance: Rebooting Growth. The analysis warns that the once red-hot market now faces slowing momentum, even as cyber threats rise. Yet, it also points to new frontiers—especially … Read more
The “2024 Report on the State of Cybersecurity in the (European) Union” is the first report from the European Union Agency for Cybersecurity (ENISA) that provides an overall index of cybersecurity among its member nations. “The EU Cybersecurity Index scored an average of 62.65/100, reflecting progress but highlighting gaps, particularly in vulnerability disclosure and R&D … Read more
CFC has launched a dedicated European corporate cyber team to expand its cyber insurance services across Europe. The specialist insurer appointed Ilaria Silvato, former international underwriting manager for cyber risks at Beazley, to lead this team and drive its growth. Silvato, with 13 years in the insurance industry, brings extensive knowledge of the insurance cycle … Read more
Insurance Europe has released a new report titled “Insurers’ Role in EU Cyber Resilience,” highlighting the escalating frequency and severity of cyber threats and offering policy recommendations to bolster cyber resilience across the European Union. As cyberattacks increased by 38% globally between 2022 and 2023, businesses face growing risks from ransomware, malware, phishing, and other … Read more
Berkshire Hathaway Specialty Insurance (BHSI) has named Thomas Pache as Head of PI/Cyber Insurance for the DACH region—covering Germany, Austria, and Switzerland—and appointed Kim Schumacher as Senior Property Underwriter. The company has also opened a new office in Hamburg to enhance its presence and build closer connections with broker partners and customers in the region. … Read more