Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens March 17, 2025 By Elizabeth Blosfield As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth...
New Gallagher Re-Bitsight Report Identifies Cyber Footprint as Claims Driver October 29, 2024 A new report from Gallagher Re has found that cyber insurers could reduce loss ratios up to 16% by removing...
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter August 1, 2023 By L.S. Howard Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model...
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks March 22, 2023 By Lucy Papachristou Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help...
Acrisure Re Launches Cyber Reinsurance Division in Partnership with Kovrr June 14, 2021 Reinsurance broker Acrisure Re has launched a London-based cyber division in partnership with cyber risk modeler Kovrr. Headed by Cyber...
Kovrr Develops Open Framework for Measuring Catastrophic Cyber Risk July 9, 2020 Kovrr, a cyber risk modeling company, announced it has developed an easy-to-use open framework to measure and understand catastrophic cyber...
U.S. Commission Explains Why It Thinks Insurance Is Failing Cybersecurity March 11, 2020 The following excerpt is from the new report, “A Warning from Tomorrow,” on U.S. cybersecurity strategy by the Cyberspace Solarium...
Travelex Ransomware Attack Part of Growing Trend in Cyber Crime: CyberCube January 9, 2020 By L.S. Howard The ransomware attack against U.K. foreign exchange firm Travelex is just a taste of what’s to come with cyber crime,...
Reinsurers Look at Cyber’s Massive Growth Possibilities-With Caution October 22, 2019 By L.S. Howard Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit...
Cyber Risk Modeling Company Kovrr Raises $5.5 Million September 12, 2019 Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round. The funding round was led...