The Source for Cyber Insurance News, Insights and Data
A modern network works like a high-rise office. Guards secure the lobby doors. Interior floors and suites still need locks. Microsegmentation installs those interior locks across digital hallways. It limits intruder movement and speeds containment when trouble starts. It also improves terms for cyber insurance premiums and is increasingly part of the underwriting process. That … Read more
Aon’s latest renewal snapshot spans many lines and regions. This article highlights the key points from the broader report on cyber insurance and provides brief context on other lines. Cyber Insurance Market Tone: Resilient, With Stabilizing Rates Aon reports a resilient cyber market after ten straight quarters of rate decreases. The rate environment now shows … Read more
Invision Cyber, a new MGA founded by Acies, launched a US cyber insurance program for Trend Micro customers. Trade outlets reported the debut today and confirmed Lloyd’s backing and capacity up to $10 million. Product details The product targets Trend Micro’s enterprise base. It lists Invision as “the only insurance partner built and designed for … Read more
NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more
SMB Cyber Liability Coverage K2 Cyber, part of K2 Insurance Services, has partnered with Liberty Mutual and its Ironshore programs group to offer expanded cyber risk insurance for small and mid-sized businesses. Liberty Mutual, rated “A” by A.M. Best, brings global underwriting and claims expertise to the collaboration. This move grants K2 Cyber delegated underwriting … Read more