Lloyd’s Insurers Must Exclude Catastrophic State-Backed Cyber-Attacks August 19, 2022 Lloyd’s insurers must exclude state-backed cyber-attacks in standalone (or affirmative) cyber policies if they reach a catastrophic threshold, according to...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
Agents, Stand Together in Helping Businesses Understand Standalone Cyber Insurance April 7, 2021 By Asaf Lifshitz It is well known that small and medium businesses face an ever-increasing risk of cyber attacks. Sixty-three percent reported they...
U.S. Cyber Insurers Face Changing Landscape; Top 20 Cyber Insurers July 22, 2020 Cyber insurers have been enjoying a profitable run for several years but are now facing a changed risk landscape with...
How the U.S. Cyber Insurance Market Is Performing: Aon Report July 10, 2018 The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170...
AIG Expanding Commercial Casualty Policies to Include Cyber Coverage October 27, 2017 By Suzanne Barlyn American International Group Inc. said it would include cyber coverage to its commercial casualty insurance during the first quarter of...
Risk Managers Prefer Standalone Cyber Policies: RIMS Survey August 25, 2017 According to the 2017 RIMS Cyber Survey, risk professionals’ continued to show preference for standalone cyber insurance policies as the...
Cyber Insurance Premium Volume Grew 35% to $1.3 Billion in 2016 June 23, 2017 Property/casualty insurers wrote $1.35 billion in direct written premium for cyber insurance in 2016, a 35 percent jump from 2015,...
RIMS 2017: Why Cyber Should Be Treated as Standalone Insurance April 24, 2017 Treating cyber risk as a standalone insurance market holds the promise of unlocking the potential for meaningful coverage for both...
AIG Unleashes New Primary Cyber Policy for Property/Liability Exposures July 20, 2016 By Mark Hollmer AIG rolled out a new standalone cyber policy that provides primary insurance protection for a wide range of related risks....