Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector February 1, 2018 By Suzanne Barlyn Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than...
International Underwriting Association Calls for EU Registry of Cyber Claims Data January 31, 2018 A more coherent, consistent recording of cyber incidents would help the insurance industry better understand the frequency and cost of...
$19 Billion in Potential Losses from Cloud Services Failure Mostly Uninsured: Lloyd’s, AIR January 23, 2018 By Suzanne Barlyn A cyber problem that temporary shuts down a top U.S. cloud computing provider could trigger as much as $19 billion...
Silent Cyber Included in Willis Re’s Cyber Risk Portfolio Modeling Tool PRISM-Re January 18, 2018 Willis Re, the reinsurance business of Willis Towers Watson, the global advisory and broking company, has upgraded its cyber risk...
Travelers Europe Offers Enhanced Cyber Cover for UK & Ireland Tech Sector January 4, 2018 Travelers Europe announced it has enhanced its offering for technology businesses in the United Kingdom and Ireland with a packaged...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut December 6, 2017 By Mark Hollmer Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is...
AGCS Promotes Virji to Lead UK Cyber Team; Yu from Principia Named Senior U/W December 4, 2017 Allianz Global Corporate & Specialty (AGCS) announced that Yogesh “Yogi” Virji has been promoted to lead the UK cyber team....
Insurers Can Protect Ratings with Cautious Approach to Cyber Risk: Fitch November 21, 2017 The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue...
Travelers Comfortable with Its ‘Prudent’ Cyber Insurance Position November 14, 2017 By Suzanne Barlyn Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against...
Worried About Hackers, States Turn to Cyber Insurance November 13, 2017 By Jenni Bergal, Stateline As the threat from hackers and cybercriminals intensifies, a growing number of states are buying cyber insurance to protect themselves...