The Source for Cyber Insurance News, Insights and Data
Reported the company: “Over the last two years, the Resilience model has proven that by building a holistic approach to managing this risk, organisational security is increased dramatically. 100% of Resilience cyber risk solution clients impacted by ransomware were able to avoid paying an extortion in 2022. In the same time period, clients overall were … Read more
“Unlike traditional cyber insurance policies, which can be complicated and difficult to amend, modularity allows brokers to offer customized policies with negotiated coverages specific to a client’s exposure. Customizing coverages in a traditional cyber policy requires either full redrafting or endorsements that can make it difficult to understand what the policy actually covers, Resilience said. … Read more
“’Coming off a very successful first year in the market, this is an excellent time to put our money where our mouth is and take a share of the risks we are writing alongside our (re)insurance partners,’ he (CJ Pruzinsky, executive vice president and chief underwriting officer for North America at Resilience) said.” The Bermuda-based … Read more
“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the creation of more secure technology products and to audit the security of technology products, the administration said in the fact sheet.” Coalition and Resilience also … Read more