Category: Cyber Risks

June 21, 2022

The hard market for cyber insurance, which is expected to continue for “some time,” and a lack of capacity has made captive insurers an “attractive risk management option for corporations,” said AM Best in a recent recent market report. As […]

June 16, 2022

Crypto assets and quantum computing have been flagged by analysts at Swiss Re as two of the most significant emerging risks for insurers and reinsurers, with the potential to create new risks within the global financial system. Swiss Re’s 10th […]

June 10, 2022

Swiss Re has said it is biding its time before increasing its appetite for cyber risk, citing the newness of the sector. Thierry Léger, CUO of the reinsurance giant said that while it was still underweighted in cyber, it was […]

May 31, 2022

According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber premium price increases of an average 27.5% during the first […]

May 27, 2022

Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk mitigation efforts, just 3% rated their company’s cyber […]

May 9, 2022

Majesco, a global provider of cloud insurance software solutions for insurance business transformation, has announced a partnership with CyberCube – a global provider of advanced solutions for cyber insurance risk modelling, rating and underwriting. The partnership between the two companies […]

April 19, 2022

Corvus Insurance has released findings from its second Corvus Risk Insights Index – a compilation of industry trends and data analysis based on the company’s IT security scanning technology, the Corvus Scan. One of the major findings from the report […]

April 12, 2022

The Russia-Ukraine conflict is driving more exclusions into re/insurance, with Munich Re reportedly planning new wordings within its cyber insurance policies to exclude war, to avoid disputes over what is covered, according to Reuters. The war in Ukraine has raised […]

March 4, 2022

The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally that offer cyber coverage, the majority of which is underwritten in North America. Such attacks may also further test the […]

March 2, 2022

As cyber threats have continued to grow, one segment of the market that has been especially impacted is education, according to guests on the most recent episode of The Insuring Cyber Podcast. “This is a segment that is squarely a […]