Cyber insurance

Applied Systems Connects Coalition to Tarmika to Expand Agency Distribution of Active Cyber Insurance

Retrieved on:

Tuesday, April 2, 2024

System, Coalition, Product management, SVP, Cyber insurance

Chicago, IL., April 02, 2024 (GLOBE NEWSWIRE) -- Applied Systems today announced that Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, will support Cyber Insurance quoting on Tarmika, the single-entry commercial lines quoting application powered by the Ivans Distribution Platform.

Key Points:

Chicago, IL., April 02, 2024 (GLOBE NEWSWIRE) -- Applied Systems today announced that Coalition , the world's first Active Insurance provider designed to prevent digital risk before it strikes, will support Cyber Insurance quoting on Tarmika, the single-entry commercial lines quoting application powered by the Ivans Distribution Platform.
Tarmika will enable Coalition-appointed agents to quote and bind its Active Insurance without having to leave the quoting solution .
“Tarmika agents will now have a seamless experience quoting and binding Coalition’s Active Cyber Insurance.
We are happy to help Coalition expand its distribution and easily and directly connect to agents within their daily quoting workflows."

Identity and Access Management Software Provider BIO-key Preliminary 2023 Results: Operating Loss Trimmed Approx. $3.5M on Approx. 29% Revenue Growth to $9.1M; Investor Call Tomorrow at 10am ET

Retrieved on:

Monday, April 1, 2024

Research, Identity management, Microsoft, Organization, MFA, Software as a service, Apple, Access management, Amazon, International, Sale, IAM, Bank statement, Traction, Cyber insurance, Workforce, Identity, Marketing, Engineering

The independent audit of BIO-key’s 2023 financial statements has not yet been completed and, therefore, the figures included herein are subject to change.

Key Points:

The independent audit of BIO-key’s 2023 financial statements has not yet been completed and, therefore, the figures included herein are subject to change.
We look to build on this record in 2024, focusing on top-line growth opportunities balanced with further efforts to reduce costs.
We believe our growing global distribution and customer base puts us in a strong position to reach profitability over the next several quarters.
In terms of operating expenses, Selling, general and administrative costs were $7.3M in 2023, representing a 22% decrease from 2022.

Insurity Named a Major Player in the IDC MarketScape for P&C Intelligent Underwriting Workbench Applications

Retrieved on:

Thursday, December 14, 2023

Software, Technology, Professional Services, Insurance, MGA, Policy, Triage, Machine learning, System, Sure, Risk assessment, IDC, AWS, P&C, Cyber insurance, Azure

Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that it was recognized as a Major Player in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc # EUR151182723, September 2023).

Key Points:

Insurity , the leading provider of cloud software for insurance carriers, brokers, and MGAs, today announced that it was recognized as a Major Player in the IDC MarketScape: Worldwide P&C Intelligent Underwriting Workbench Applications 2023 Vendor Assessment (doc # EUR151182723, September 2023).
We believe this recognition reflects Insurity’s commitment to delivering innovative and cloud-native underwriting solutions to the P&C insurance market.
Sure Underwriting embeds advanced analytics and machine learning to provide valuable insights into risk profiles, facilitating data-driven underwriting decisions.
Insurity Business Intelligence , included within the Sure Underwriting solution, offers insights into book performance, renewal retention rates, trends, metrics, and more.

Insurity's Sure Personal Suite Provides Personal Lines P&C Carriers with a Cost-Effective, Highly Configurable, Cloud-Native Policy, Billing, and Claims Solution

Retrieved on:

Tuesday, November 7, 2023

Software, Technology, Professional Services, Insurance, AWS, P&C, Retinue, MGA, Agility, Azure, Cyber insurance, RV

"Many carriers, especially in the personal lines segment, are facing unprecedented economic challenges," said Sylvester Mathis, Chief Insurance Officer at Insurity.

Key Points:

"Many carriers, especially in the personal lines segment, are facing unprecedented economic challenges," said Sylvester Mathis, Chief Insurance Officer at Insurity.
Sure Personal Suite is a highly configurable, cloud-native policy, billing, and claims solution delivered on Insurity's leading cloud platform support.
Sure Personal Suite allows carriers to configure, update, and deploy products quickly to adjust and pursue market opportunities.
"Insurity's Sure Personal Suite is a scalable cloud solution tailored for the modern needs of mid-size carriers," said Frank Heaps, VP & General Manager of Carrier Markets at Insurity.

Cowbell Continues Rapid Growth in 2023, Increasing its New Customer Base 49% Year-Over-Year

Retrieved on:

Wednesday, November 1, 2023

Momentum, SME, Cowbell Digital Music, Insurance, Policy, Cyber insurance, Investment, Fintech, CSIC, Amazon Web Services, Growth, FSR, Risk, Demotech, AWS, Culture, Cowbell

PLEASANTON, Calif., Nov. 1, 2023 /PRNewswire/ -- Cowbell, a leading provider of cyber insurance for small- and medium-sized enterprises (SMEs), today announced significant momentum and new financing on the heels of its top-grossing quarter and amid continued corporate growth. Cowbell's new financing builds on its $148M raised to-date.

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The company continued to grow its new customer base in 2023 by 49% year-over-year.
According to a recent study , 72% of SMEs without cyber insurance say that a major cyberattack could destroy their business.
Cowbell is closing the insurability gap for this critically important market, achieving 2.5x premium growth in 2022 to insure SMEs against evolving cyber threats.
Cowbell has widened its geographic footprint, recently launching operations in the UK market with Prime One for UK SMEs.

Joyn Insurance Named "Speed to Market Champion of the Year" Award Recipient at Excellence in Insurance, Sponsored by Insurity

Retrieved on:

Thursday, October 26, 2023

Data Analytics, Professional Services, Technology, Insurance, Software, P&C, Policy, Small business, Azure, Microsoft, Organization, Rich Communication Services, API, MGA, Series, Excellence, Cyber insurance, Spark

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Joyn Insurance was named "Speed to Market Champion of the Year" at Excellence in Insurance.

Key Points:

Insurity , a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, today announced that Joyn Insurance was named "Speed to Market Champion of the Year" at Excellence in Insurance.
It recognized the outstanding performances of P&C organizations in categories including exceptional policyholder service, digital transformation, and innovative excellence in data and analytics.
Joyn is an MGA underwriting E&S property and general liability for the "SMiddle" market segment, known as the upper end of small business and the lower end of the middle market.
"Joyn is honored to be recognized by Insurity as this year's Speed to Market Champion," said Fabiana Zambrano, Head of Product at Joyn Insurance.

Acronis Unveils First Ever AI-powered All-in-One Cyber Protection Solution for Consumers

Retrieved on:

Tuesday, September 19, 2023

Generali, Cyber insurance, Acronis Cyber Protect Home Office, Identity theft, Acronis, AI, Partnership, Prevalence, Crime, Monitoring, FTC, Cryptocurrency, Online shopping, Property insurance, Medical device

BURLINGTON, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Acronis, the global leader in cyber protection , today announced the launch of Acronis Cyber Protect Home Office (formerly Acronis True Image) .

Key Points:

BURLINGTON, Mass., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Acronis, the global leader in cyber protection , today announced the launch of Acronis Cyber Protect Home Office (formerly Acronis True Image) .
Acronis' Cyber Protect Home Office now features a white-label version of Iris’ Identity Protection offering to meet the needs of consumers.
Cyber Insurance: Acronis Cyber Protect Home Office includes a cyber insurance component, an added layer of financial security in the event of a cyber incident.
Acronis Cyber Protect Home Office is designed to conquer the evolving landscape of cyber threats by integrating Acronis' cutting-edge cyber protection and secure backup solutions with Iris Identity Protection’s advanced identity monitoring and defense capabilities.

Insurity’s Sure Submission Gateway, Purpose-Built for Managing Delegated Authority and the London Market, Accelerates the Underwriting Process Up to 80% for Insurers and MGAs

Retrieved on:

Wednesday, September 13, 2023

Data Management, Professional Services, Technology, Insurance, Software, Risk management, P&C, Organization, MGA, R, System, ROI, CAT, Cyber insurance

Insurity’s solution empowers insurance organizations and underwriters with capabilities that dramatically improve efficiency, reduce reporting time, and aid in risk management.

Key Points:

Insurity’s solution empowers insurance organizations and underwriters with capabilities that dramatically improve efficiency, reduce reporting time, and aid in risk management.
Insurity is the largest provider of cloud-based software for P&C insurance organizations, including seven of the top ten US MGAs.
The Sure Submission Gateway solution is an offering of Insurity’s Sure MGA Suite managing delegating authority and advancing underwriting efficiency for insurers, allowing instant access to configured programs that enforce the latest defined underwriting guidelines, rating, and moratorium updates.
Sure Submission Gateway significantly simplifies e-trading and enhances MGA-carrier partnerships through a platform that encourages upstream and downstream interaction.

SecureAuth Announces New Channel Partnerships with IDMWORKS and Opkalla

Retrieved on:

Wednesday, August 23, 2023

SecureAuth , a leader in next-gen authentication and access management, today announced new channel partnerships with IDMWORKS, and Opkalla to deliver its passwordless continuous authentication solution, Arculix.

Key Points:

SecureAuth , a leader in next-gen authentication and access management, today announced new channel partnerships with IDMWORKS, and Opkalla to deliver its passwordless continuous authentication solution, Arculix.
Together, the new partnerships will address the ever-evolving identity security challenges: digital acceleration, threat environment, and business demands, including compliance.
“At SecureAuth, we know it’s critical to identify and invest in enriching partnerships, especially as we are building momentum with a game-changing solution in the authentication industry,” said Mandeep Khera, CMO, SecureAuth.
“Opkalla is thrilled to be partnering with SecureAuth and deliver the very best in securing digital identities to our clients,” said Jim Campbell, Managing Partner, Opkalla.

Embroker Partners with Dashlane and Cowbell to Continue Building Single-Destination Risk Mitigation Solution

Retrieved on:

Tuesday, July 25, 2023

“Through Cowbell and Dashlane, we are not only able to support our customers in the event of a cyber breach, but also help them avoid one altogether.

Key Points:

“Through Cowbell and Dashlane, we are not only able to support our customers in the event of a cyber breach, but also help them avoid one altogether.
Through a partnership with Dashlane, Embroker customers have access to proactive cyber protection services, allowing them to get ahead of a potential breach.
Embroker and Dashlane share the core belief that risk management begins with prevention.
Dashlane also monitors the dark web for information, alerting Embroker customers when their information is at risk.