The Source for Cyber Insurance News, Insights and Data
The cyber insurance market is stabilizing as cyber underwriting practices and pricing models mature. Rate volatility is decreasing, and coverage options are expanding. A new report from Risk Placement Services (RPS) highlights key trends shaping the market in early 2025. It touches on cybersecurity, data breaches, ransomware, AI-powered cyberattacks, and AI as a defensive tool, … Read more
New Partnership Aims to Enhance Cyber Risk Management CyberSecOp, a Managed Security Services Provider, has partnered with Risk Strategies, a North American specialty insurance brokerage firm, to offer enhanced cybersecurity and insurance solutions. The partnership provides CyberSecOp clients with access to customized cyber insurance policies based on their security program’s maturity. Clients to Benefit from … Read more
MAPFRE RE has signed a three-year agreement with CyberCube to enhance its cybersecurity risk management capabilities. The partnership allows the global reinsurer to license CyberCube’s cyber risk analytics tools. MAPFRE RE Licenses CyberCube’s Risk Assessment Solutions MAPFRE RE will use CyberCube’s cyber accumulation solution to improve risk assessment. This move aligns with the broader and … Read more
Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more
Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in 2024. The report found that vendor-related incidents accounted for 31% of all claims and nearly 23% of incurred losses. In 2023, third-party risk had no … Read more