The insurance sector supports convergence and the re-use of existing standards for cyber incident reporting, including with ongoing initiatives, Insurance Europe said
UK businesses are facing soaring cyber insurance premiums caused by higher claim risks at a time of heightened exposure to cyber-attacks
Trium Cyber has announced its US-based service company has begun to provide cyber and technology errors & omissions coverage for US-domiciled risks
The reinsurance value chain will work together with insurance-linked securities (ILS) fund managers to bring new cyber reinsurance capacity to this market in 2023
CNA Hardy has announced the launch of an additional suite of cyber protection products specifically tailored to technology businesses
86% of startups have cyber insurance protection, according to digital insurance broker Embroker, reflecting a growing understanding around cyber risk
Insurer AIG tried to hold Accellion responsible for a zero-day criminal hack of its legacy File Transfer Appliance software, but in an unusual turn of events
Cyber risk analytics startup CyberCube has raised $50 million in additional growth capital, bringing its total amount raised to more than $100 million to date
Singapore will form a world-first commercial cyber risk pool, as it works towards strengthening the region’s resilience against growing cyber threats
Cyber will be the largest risk code for Lloyd’s of London in 2023. A risk code is a classification system that Lloyd’s uses to standardise risks and rank
Commercial insurance rates are beginning to stabilise, steered by cyber and Directors & Officers. Recent trends suggest rate increases will continue
Swiss Re forecasts global cyber insurance premiums to reach $23 billion by 2025, from an estimated $10 billion in 2021
A report from GlobalData says that cyberattacks from Russia could be set to cause more disputes between businesses and insurers following the Zurich-Mondelez case
By end user, cybersecurity insurance solutions to be leveraged maximum by insurance providers, registering an 18% CAGR.
Zurich has reached a settlement with multinational food and beverage company Mondelez International to close a $100 million lawsuit brought against the insurer
Cyber insurance pricing increased globally by 53% in Q3 2022, while Property insurance pricing increased by 6%, Casualty insurance pricing increased by 4%
SentinelOne, an autonomous cybersecurity platform company, has announced the addition of a new app for cyber insurers’ risk management in its Singularity Marketplace
CyberCube has announced that it has launched the world’s first set of detailed Exposure Databases to enable re/insurers and brokers to perform a wide range of benchmarking
Elpha Secure, the first cyber insurance startup to combine proprietary cybersecurity software with coverage to improve risk transfer, has completed a $20 million
Relay allows clients to intake, submit and compare quotes digitally. The quotes are then presented in Rely’s Smart Client Proposal
Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed
Fitch Ratings has warned of a potential increase in cyber risk as corporate and infrastructure cybersecurity budgets across the US come under increasing pressure
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider, which has built a dynamic digital placement solution
Senior executives are “certain” that cyber will become a prominent line of business for Swiss Re in the long term, even as the reinsurer opts to stay underweight in this class
The cost of a cyber claim for small business owners increased by 58% in H1 2022, compared to the same period the year before
The US cyber market saw continued and increasing demand for its products, according to a new report from re/insurance broker Aon
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands.
Lloyd’s of London has set out requirements for state-backed cyber-attack exclusions in standalone cyber-attack policies
Franch cybersecurity insurtech Stoïk has raised €11m in a Series A round led by US investment giant Andreessen Horowitz (a16z) to roll out its hybrid insurance
Cyber insurance provider Coalition has acquired property and casualty insurer Digital Affect Insurance from Munich Re.
Cowbell Cyber announced a new partnership with Swiss Re to bring “expertly designed” cyber insurance coverages to enterprises with up to $750 million in revenue
Axio, a platform for cybersecurity risk evaluation, today announced the closure of a $23 million Series B round led by Temasek’s ISTARI
Ghost Security, a US-based application security company, is announcing its emergence from stealth mode and a $15 million investment from 468 Capital
Cyber risk analytics provider CyberCube has today launched CAERS, a new cyber incident response service for clients of the company’s SaaS products. The Cyber Aggregation… Read More »CyberCube launches cyber aggregation event response service for insurance
CyberCube, a cyber risk analytics firm, has announced that specialist re/insurance broker McGill and Partners, will be using its cyber risk analytics platforms as part… Read More »Reinsurance broker McGill will be using CyberCube`s cyber risk analytics
SMEs risk being priced out of cyber insurance as rising costs force them to prioritise other areas of their business, according to market research company GlobalData.
Energy and utility companies have become the main target for cyber attacks. Given the growing threat of such attacks, demand for cyber insurance
