Marsh McLennan highlights the primary concerns for UK businesses over the next year. The TOP-3 issues identified are economic and financial challenges (43%), cyber threats (39%), and people-related risks (38%)
Cyber threats as the top concern for businesses. This marks the fourth time in six years that cyber risks have taken the lead. according to 2024 Travelers Risk Index
Cysurance, a firm focused on risk mitigation and certifying security solutions, has partnered with 360 SOC, a provider of managed detection and response services
BlackCloak, a cybersecurity insurtech specializing in protecting executives, high-net-worth individuals, and family offices, has announced a $17 mn Series B funding
Coalition has set up its reinsurance intermediary, Coalition Re, to offer capacity for non-proportional cyber reinsurance treaties along with a white-labelled cyber insurance
A Texas court reached a split decision in a dispute between an AIG unit and RealPage over the allocation of recovered funds from a phishing attack
Insured losses from the CrowdStrike incident could exceed $1 bn in the cyber insurance market, though the total may be reduced to half since it wasn’t a cyberattack
Successful cyber attacks against UK utility companies surged to 48 in 2023, a 586% increase from seven cases in 2022
Insured losses from CrowdStrike outages in the standalone cyber insurance market may reach $1.5 bn, according to CyberCube
Cyber insurance provides for broad coverage of business interruption resulting from network outage. The trigger for this coverage includes System Failure
Parametrix estimates the direct financial loss for US Fortune 500 companies (excluding Microsoft) from the CrowdStrike outage at $5.4 bn
Howden Group’s fourth annual cyber report, “Risk, Resilience and Relevance,” highlights cyber insurance market stabilization last year
YesWeHack, a Bug Bounty and cybersecurity vulnerability management platform, has raised €26 mn in a Series C funding round led by Wendel
AXIS Capital has launched of a new service for US-based, direct primary cyber insurance customers – AXIS Cyber Incident Commander
Cyber insurtech At-Bay has expanded its Cyber and Tech E&O Excess & Surplus coverage to businesses with up to $5 bn in revenue
New cyber insurance capacity is increasingly matching fast-growing demand, particularly within the United States, and greater competition
Cyber insurtech Coalition announced new integrations between Coalition Control, its cyber risk management platform, and cloud services providers
Brazilian insurtech Bluecyber, specialising in cyber insurance, has raised $1.5 mn in funding led by venture capitalists Invisto and Bossa Invest
Cyber insurtech Coalition has announced a new, multi-year capacity agreement with Aspen Specialty Insurance Company (Aspen)
Guy Carpenter, a global risk and reinsurance specialist under Marsh McLennan, has introduced CatStop+, a new cyber reinsurance product
PERILS and CyberAcuView announced the use of their US Cyber Industry Loss Index in the first cyber insurance risk transactions
Cowbell Cyber Inc., a US-domiciled cyber insurer, has recently extended its cyber insurance coverage to mid-market businesses in the UK
Cyber analytics insurtech company CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service solution
Enveedo, a cybersecurity insurtech company with an innovative approach to integrated risk management, announced the closing of its $3.15 mn seed funding round
Howden, the global insurance group, launches of one of the first dedicated European cyber and technology errors & omissions lineslips for primary business
Cyber insurtech Coalition released its Cyber Claims Report: Mid-year Update, which details the evolution of cyber trends during the 2023
Cowbell, a cyber insurtech for small- and medium-sized enterprises, announced a new $25 mn financing led by Prosperity7 Ventures
Corvus Insurance Holdings has agreed to a $435 mn deal to be acquired by P&C insurance giant Travelers, which has approximately 30,000 employees
Upfort, a cutting-edge cyber security and insurance platform, has raised $8 mn in a Series A funding round led by SYN Ventures
Coalition, the Active Insurance provider designed to prevent digital risk before it strikes, announced a new long-term partnership with HDI Global Specialty
Corvus Insurance announced it has partnered with The Travelers Companies to back its Smart Cyber Insurance offering
French cyber insurtech Stoïk has raised $10.7 mn to help with market expansion. Munich Re Ventures is leading the round with Opera Tech Ventures
Cyber insurtech Cowbell has announced plans to further expand its footprint in the UK market with a new senior appointment and launch of its AI-powered cyber insurance
The majority of DDoS attacks are launched in response to disputes over business or gaming, according to federal officials investigating
Mulberri, an AI-driven insurance platform, has officially introduced its innovative Cyber Insurance MGA (Managing General Agent)
The boating manufacturing firm Brunswick Corporation announced a cyberattack that impacted their systems and some of their facilities
Converge Insurance, insurtech in advanced cyber risk management and underwriting, announced $15 mn in Series A funding from Forgepoint Capital
Reinsurer Lockton Re is expanding its partnership with cyber risk analytics insurtech CyberCube by licensing CyberCube’s Industry Exposure Databases
The Securities and Exchange Commission adopted rules requiring registrants to disclose material cybersecurity incidents they experience
GlobalData’s UK SME Insurance Survey indicates that almost 50% of medium-sized enterprises are aware that the cyber risks they face have increased
Cyber insurance agent and cyber-security insurtech Coalition announced its cyber insurance and technology errors and omissions (E&O) insurance
Zurich North America, a cyber risk solutions provider, has brought to market a cyber insurance module aimed specifically at mid-market businesses.
US workers’ compensation direct premiums earned rose 4.3% year over year in the first quarter, and the industry’s overall direct loss ratio deteriorated by 2.3 percentage
Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, announced new AI- and NLP-driven features
INSUREtrust, a specialized cyber insurance and risk management broker under Starwind Specialty, has introduced Cyber Pre-Check
WTW has announced new release of enhanced Cyber Quantified Model, designed to assist companies in evaluating cyber loss potential and optimising risk management
Specialist insurer, Tokio Marine Kiln (TMK), has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market
Reaching an all-time high, the cost of a data breach averaged $4.35 mln in 2022. This figure represents a 2.6% increase from last year
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations
Aviva, the UK’s insurer, is to roll out a broad range of products from CyberCube, the cyber risk analytics firm, to support the growth ambitions for its cyber book
Corvus Insurance, the cyber insurtech, powered by a proprietary AI-driven cyber risk platform, launches of a new program with Core Specialty to support the expansion of the… Read More »Corvus launches Cyber & Tech E&O program with Core Specialty
Cyber Insurtech Coalition released the Active Cyber Risk Model, a practical framework for understanding cyber risk aggregation that provides an ongoing view
Cyber MGA insurtech Coalition has announced it will enter the excess cyber insurance market in the UK to help protect businesses with enhanced coverage
Insurance Europe has responded to a discussion paper by the European Insurance and EIOPA on methodologies for cyber stress testing for insurers
Insurtech CyberSmart — which provides cybersecurity solutions for small- to medium-sized businesses (SMBs) — has raised 12.75 mn pounds ($15 mn) in a Series B round
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager
Cyber insurtech Coalition has announced the expansion of its cybersecurity insurance offering in the US to large enterprise businesses with revenues up to $5 bn
In the first half of 2025, there were approximately 1,732 publicly reported data breaches in the United States, an increase of 11% compared to the same period in 2024
Ironblocks, a blockchain-native cybersecurity platform, has announced that it has raised $7 million in Seed round co-led by Collider Ventures and Disruptive AI
Cybersecurity startup Descope announced that it has raised $53 million in Seed funding and launched its new authentication platform
