Lockton Re expands partnership with cyber insurtech CyberCube
Reinsurer Lockton Re is expanding its partnership with cyber risk analytics insurtech CyberCube by licensing CyberCube’s Industry Exposure Databases
Cyber Insurance News
SEC Adopts New Rules on Cybersecurity Risk Management
The Securities and Exchange Commission adopted rules requiring registrants to disclose material cybersecurity incidents they experience
SME Insurance Survey indicates that the cyber risks increased for 50% enterprises
GlobalData’s UK SME Insurance Survey indicates that almost 50% of medium-sized enterprises are aware that the cyber risks they face have increased
Insurtech Coalition announced cyber and E&O insurance in Quebec
Cyber insurance agent and cyber-security insurtech Coalition announced its cyber insurance and technology errors and omissions (E&O) insurance
Zurich North America brought to market a cyber insurance Concierge
Zurich North America, a cyber risk solutions provider, has brought to market a cyber insurance module aimed specifically at mid-market businesses.
Hackers accessed to American National Insurance and Sun Life’s insurance data
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
Cyber insurtech Corvus launches new AI- & NLP-driven features
Corvus Insurance, the cyber underwriter powered by a proprietary AI-driven cyber risk platform, announced new AI- and NLP-driven features
Cyber insurance broker INSUREtrust introduced product Cyber Pre-Check
INSUREtrust, a specialized cyber insurance and risk management broker under Starwind Specialty, has introduced Cyber Pre-Check
WTW Cyber Quantified Model helps insurers evaluating cyber loss
WTW has announced new release of enhanced Cyber Quantified Model, designed to assist companies in evaluating cyber loss potential and optimising risk management
Insurer Tokio Marine Kiln establishes Cyber & Enterprise Risk division
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
Cost of a cyber data breach averaged $4.35 mln
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 launched a new version of Executive Risks Insurance products
Coalition has launched a new version of its Executive Risks Insurance products for not-for-profit organisations
CyberCube entered into a partnership with Aviva for suite of cyber solutions & services
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 launches Cyber & Tech E&O program with Core Specialty
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
Insurtech Coalition released the framework Active Cyber Risk Model
Cyber Insurtech Coalition released the Active Cyber Risk Model, a practical framework for understanding cyber risk aggregation that provides an ongoing view
Cyber insurtech Coalition will enter the UK excess cyber insurance market
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 responded to methodology for cyber stress testing for insurers
Insurance Europe has responded to a discussion paper by the European Insurance and EIOPA on methodologies for cyber stress testing for insurers
Insurtech CyberSmart raised 12.8 mn pounds in a Series B round
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
CyberCube launches of Prep Module, a SaaS solution for nsurance brokers
Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager
Coalition expanses of cybersecurity insurance for US large enterprise businesses
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
Global average total cost of a data breach growth up to $4.88 mn
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
Blockchain cybersecurity platform Ironblocks raised $7 million in Seed round
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 raised $53 mn in Seed funding led by Lightspeed Venture
Cybersecurity startup Descope announced that it has raised $53 million in Seed funding and launched its new authentication platform
Cyber insurtech BOXX Insurance raised $14.4mn in Series B funding
Toronto-headquartered Cyber insurtech BOXX Insurance has raised $14.4mn in Series B funding round led by insurance giant Zurich
Cyber insurtech Baobab raised €3mn from venture fund Augmentum Fintech
Berlin-based cyber insurtech Baobab has raised €3mn from fintech venture capital fund Augmentum to offer cyber insurance to small and medium-sized enterprises (SMEs).
Israeli startup Guardz sequred $10 mn led by Hanaco Ventures
Israeli cybersecurity startup Guardz has emerged from stealth with $10 million in backing from Hanaco Ventures, iAngels, GKFF Ventures, and Cyverse Capital.
Cyber cloud data startup Sentra completed of a $30 mn Series A funding
Sentra, a cloud data security company, announced the completion of a $30 million Series A funding round led by Standard Investments, with participation from Munich Re Ventures
Munich Re launched Reflex, a proactive cyber risk management program
Munich Re Specialty Insurance has launched Reflex, a proactive cyber risk management program offering complimentary risk control services
WTW launches new Lloyd’s excess layer cyber facility, called CyXS
WTW has launched an excess layer cyber facility, called CyXS, which is available to WTW clients globally who purchase excess layer cyber programmes
Cyber insurance provider Coalition approved Lloyd’s coverholder in the UK
Coalition is now even better placed to deliver its Active Cyber Insurance to licensed territories around the world
Insurers asked UK government about reinsurance cover state-backed cyber attacks
Insurers have held discussions with the UK government over whether its terrorism reinsurance scheme should cover state-backed cyber attacks
Insurtech Cowbell released Modeling Catastrophic Cyber Events
Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), has released a new whitepaper, “Modeling Catastrophic Cyber Events”
Insurance sector supports re-use of existing standards for cyber incident reporting
The insurance sector supports convergence and the re-use of existing standards for cyber incident reporting, including with ongoing initiatives, Insurance Europe said
UK cyber insurance pricing increased 66% in 2022
UK businesses are facing soaring cyber insurance premiums caused by higher claim risks at a time of heightened exposure to cyber-attacks
Trium Cyber, Lloyd’s Syndicate 1322, provides cyber coverage for US-domiciled risks
Trium Cyber has announced its US-based service company has begun to provide cyber and technology errors & omissions coverage for US-domiciled risks
Reinsurers will work with ILS funds to bring new cyber reinsurance capacity
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 launches of cyber insurance products to technology businesses
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, 70% are extending cyber cover
86% of startups have cyber insurance protection, according to digital insurance broker Embroker, reflecting a growing understanding around cyber risk
AIG Specialty Insurance Company dropping $1.1 mn lawsuit against Accellion
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 raised $50 mn in additional capital
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 commercial Cyber Risk Pool up to $1 bn in capacity
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 for Lloyd’s of London
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 D&O
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 bn by 2025
Swiss Re forecasts global cyber insurance premiums to reach $23 billion by 2025, from an estimated $10 billion in 2021
Cyberattacks from Russia could be set to cause more disputes between businesses and insurers
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
Global Cybersecurity Insurance Market value to reach $50bn by 2032
By end user, cybersecurity insurance solutions to be leveraged maximum by insurance providers, registering an 18% CAGR.
Zurich reaches a settlement for $100mn cyber claims related to NotPetya attack
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%
Cyber insurance pricing increased globally by 53% in Q3 2022, while Property insurance pricing increased by 6%, Casualty insurance pricing increased by 4%
SentinelOne announces app for cyber insurers’ risk management
SentinelOne, an autonomous cybersecurity platform company, has announced the addition of a new app for cyber insurers’ risk management in its Singularity Marketplace
CyberCube launches the world’s first set of detailed Exposure Databases
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
NY-based cyber startup Elpha Secure completes a $20 mn Series A funding
Elpha Secure, the first cyber insurance startup to combine proprietary cybersecurity software with coverage to improve risk transfer, has completed a $20 million
Insurtech Relay has partnered with cyber risk analytics platform CyberCube
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
Lloyd’s of London is investigating a possible cyber attack and has taken initial precautions in response, the re/insurance market has confirmed
Fitch warnes insurers of a potential increase in cyber risk
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 acquires insurtech marketplace Relay
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider, which has built a dynamic digital placement solution
Cyber insurance premiums could be on a level footing with P&C by 2040
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 increased by 58%
The cost of a cyber claim for small business owners increased by 58% in H1 2022, compared to the same period the year before
US cyber insurance market premiums increasing by 76% to $4.83bn
The US cyber market saw continued and increasing demand for its products, according to a new report from re/insurance broker Aon
Cyber insurtech At-Bay is acquiring startup Relay – digital placement solution
Cyber insurance provider At-Bay is to acquire Relay, a Toronto-based technology solutions provider which is enabling the digital transformation of commercial insurance
19% businesses have ransomware insurance coverage limits above $600K
A recent BlackBerry Cyber Insurance Coverage study shows that businesses are growing increasingly concerned about how they will meet ransomware demands.
Artificial intelligence is reshaping workforce management, changing the skills employers require and creating new responsibilities for human resources teams
US homeowners insurers recorded a $16.5 bn underwriting profit as combined ratios improved and insurance rate increases slowed in 2026
Insurance regulators in the US, UK and Japan are strengthening oversight of asset-intensive reinsurance, targeting counterparty credit risk, recapture reserve adequacy
Cybersecurity (79.2%) and insurance fraud (77.6%) are the leading concerns among financial services and insurance professionals