The Source for Cyber Insurance News, Insights and Data
McKinsey rates cybersecurity as critical for claims frequency and severity in commercial property and casualty lines. Only two other industries earn that rating in the same grid. They are cloud services and semiconductors. For a cyber underwriter, those are not three industries. They are one accumulation event with three names. The rating appears in “The … Read more
A new market update from broker Lockton lands with a split-screen message for buyers and underwriters. The cyber insurance market kept softening, even as the threat environment hardened. Insurers chased growth and fought for renewals. Brokers regained leverage on terms. Claims teams, meanwhile, faced heavier files and longer cleanups. Key Cyber Insurance Market Takeaways Incidents … Read more
CyberCube appointed Chris Methven as Chief Executive Officer, effective immediately. He succeeds Pascal Millaire, who moved into a Senior Advisor role. The company framed the change as part of its next growth phase following a $180 million financing led by Spectrum Equity. CyberCube sells cyber risk modeling and analytics used by cyber insurers, reinsurers, and … Read more
You grab your phone, open the app, and start a support chat to ask about a company warranty. The bot quickly replies and promises free replacements for three years. Sales teams might be happy as customers dive in based on the promise of great coverage. But the finance finds this promise in thousands of chat … Read more
Major Investment Secures Growth Path CyberCube has secured over $180 million in funding from Spectrum Equity, pending regulatory approval. Spectrum joins ForgePoint Capital, Hudson Structured Capital Management, and MTech Capital as investors. The funding strengthens CyberCube’s role as a cornerstone analytics provider for the cyber insurance sector. CyberCube serves more than 130 clients, including 75% … Read more