Cyber

Embroker: Cyber insurance adoption among start-ups hits 93%

Nearly 93 percent of start-ups now carry cyber insurance, with many opting for simplified coverage solutions, according to insurtech MGA Embroker’s third annual Cyber Risk Index that focuses on start-ups.

Corvus: Ransomware surge continues in Q3 2024 driven by VPN vulnerabilities

Ransomware activity remained persistently high in the third quarter of 2024, with 1,257 victims identified and nearly 30 percent of incidents linked to attackers exploiting virtual private network (VPN) vulnerabilities, according to a new report from cyber insurtech Corvus.

WTW: Firms with consistent approach to emerging risks outperform peers

AI and cyber risks dominate the rankings for emerging risks of today, a new survey by WTW has found, although it warned that firms lack a consistent approach to identifying and prioritising interconnected risks over the next 10 years.

Hoffman: Aon cyber risk analyzer expected to drive placement outcomes, client wins

Aon’s new cyber risk analyzer will drive differentiated placement outcomes, give clients a deeper view of their cyber risk profile, and has the potential to drive new client wins, according to the broker’s Christian Hoffman.

Coalition adds Munich Re's Foster as London market lead underwriter

Cyber insurer Coalition has appointed Matt Foster to the newly created role of head of London markets.

Cybersecurity agencies worldwide highlight rising threat of zero-day vulnerability exploits

Threat actors are increasingly exploiting zero-day vulnerabilities to compromise enterprise networks, according to the annual Cybersecurity Advisory on the most commonly exploited vulnerabilities in 2023.

Cybersecurity firms Cybereason and Trustwave to merge with SoftBank as majority investor

San Diego-based endpoint detection response company Cybereason has announced a definitive merger with Chicago-based cybersecurity provider Trustwave.

At-Bay report: Frequency of email incidents grew 24% in 2023

An insursec ranking report from At-Bay has shown the frequency of email incidents grew by 24 percent in 2023, as well as highlighting that Google Workspace customers experienced 54 percent fewer email security incidents than average and three times fewer than those using Microsoft 365.

Envelop combines Bermuda and Lloyd’s underwriting activities

Envelop Risk has combined its Bermuda and Lloyd’s underwriting activities into Envelop Underwriting, led by Dom Peters.

C&F launches a CISO-specific liability policy

Crum & Forster Insurance has announced a new professional liability insurance coverage policy for chief information security officers to accommodate the complicated cyber risk landscape they operate within.

Zywave panel: Human vulnerability to cyber attacks increases as threat actors evolve

As cyber threats become increasingly sophisticated, human vulnerabilities remain a crucial concern, highlighted by experts during a panel at Zywave's cyber risk conference in New York.

Zywave panel: Communication, transparency, trust vital to cyber response and recovery

Clear communication, transparency, trust, and thorough documentation are crucial for effectively managing cyber incidents, according to panellists at Zywave’s cyber risk conference in New York.

Zywave panel: Vendor mapping systems and parametric approach remain key to tackling supply-chain events

As underwriters evaluate cyber events like CDK Global, Snowflake, and Change Healthcare, careful mapping of vendors several links down the chain remains a key measure of successful supply chain protection.

Swiss Re’s Kuk: Reinsurance demand rising across Asia as clients de-risk peak perils

Clients across Asia are looking to purchase more reinsurance to de-risk their peak perils, according to Swiss Re’s Victor Kuk.

Zywave’s Cohen: Better broker education will drive cyber premium growth

Zywave senior vice president Jeff Cohen has commented that the insurance software provider’s Cyber Quoting platform aims to address a significant gap in the industry: the need for better broker education to drive premium growth.

Cyber Monitoring Centre teams up with British Chambers of Commerce for cyber threat data

The Cyber Monitoring Centre has partnered with the British Chambers of Commerce to gather data and insights on the impact of cyber events on UK businesses.

Munich Re forecasts APAC cyber premiums to double by 2027

Cyber’s rapid expansion across Asia Pacific looks set to continue with Munich Re forecasting premiums in the class will double in the region by 2027.

IQUW launches FortiFI into Australian market

IQUW has launched a new wording for its financial institutions product — FortiFI — into the Australian insurance market.

Mosaic, Chubb and LSM back new Howden Safe+ platform for mid-sized firms

A trio of carriers has backed the launch of Howden Safe+, a new solution designed to incentivise cybersecurity investments by offering more favourable terms for cyber insurance policies.

Axis committed long-term to cyber as it continues to reshape portfolio

Axis remains “a long-term participant” in the cyber insurance market and feels “really good” about its momentum in the segment even though its written premium in the sector may reduce in the short term as it reshapes its portfolio, according to CEO Vince Tizzio.

Region

Topics

Events & Conferences

Content Types