Property/casualty insurance software provider Guidewire Software announced a transition in its sales and operations leadership, and the closure of its previously announced acquisition of Cyence. Guidewire announced that Scott Roza, chief business officer, is stepping down from that position in …
Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it. Honea, who believes insurers can be a catalyst for collecting …
Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and …
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s specialist carrier for corporate insurance business, has teamed up with San Mateo, Calif.-based cyber risk analytics and modeling firm Cyence to boost its global cyber risk analysis capabilities. Cyence’s cyber analytics …
The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to …
A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. …
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …
With the global cyber insurance market expected to reach $14 billion by 2022, according to Allied Market Research, it’s no wonder more insurers are looking to offer cyber coverage. But small insurers have been sidelined in this market due to …
Cyence, a San Mateo, Calif., based company that works to empower the insurance industry to model the economic impact of cyber risk, has named John Merchant as director of business development. He will be working with Cyence’s network of insurance …
