The Source for Cyber Insurance News, Insights and Data
Cyber insurance has often been accused of failing to deliver when it’s needed most. David Anderson, a specialist at Woodruff Sawyer, has written “Does Cyber Insurance Pay Out?” to set the record straight. Backed by data and years of expertise, Anderson explains how tailored cyber insurance policies protect businesses, attacking the myth that these policies … Read more
As noted in our earlier post, Woodruff Sawyer, the large American brokerage and consultancy, is out with an excellent new report: “Looking Ahead: Cyber Liability Insurance Concerns in 2024.” We thought their info graphic on how underwriters are looking at 2024 was worth a special call out.
After a brief respite in 2023, the cyber liability insurance market is bracing for turbulence in 2024. Woodruff Sawyer’s “Cyber Looking Ahead Guide” paints a sobering picture of rising cyber risks, potential policy gaps, and ransomware maintaining its reign of terror. Buckle up, businesses; it’s going to be a bumpy ride. War Clouds Gather: One … Read more
Keep an eye on the role of Managing General Agents/MGAs (brokers with underwriting authority from carriers), says @CyberDanBurke. “Greater adoption of MGA capacity and the willingness of traditional cyber insurance carriers to write insurance above these MGAs in a cyber insurance tower will be an area to watch throughout 2022.” Includes commentary from Woodruff expert … Read more