Cyber insurance

Europe Cyber Security Market Report 2021: Market is Driven by GDPR Compliance, 2017/679 for Ensuring Data Safety and Privacy

Wednesday, February 24, 2021 - 12:30pm

DUBLIN, Feb. 24, 2021 /PRNewswire/ -- The "Europe Cyber Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Content Security, Others), By Solutions Type, By Deployment Mode, By End Use Industry, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Feb. 24, 2021 /PRNewswire/ -- The "Europe Cyber Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Content Security, Others), By Solutions Type, By Deployment Mode, By End Use Industry, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
  • The European Cyber Security Market is driven by the General Data Protection Regulation (GDPR) compliance, 2017/679 for ensuring data safety and privacy.
  • The European Cyber Security Market is segmented based on security type, solution type, deployment mode, end-user industry, company, and region.
  • Based on security type, the market can be categorized into network security, endpoint security, application security, cloud security, content security and others.

BDA Partners With NetDiligence to Host Cyber Risk Panel

Tuesday, February 23, 2021 - 6:45pm

The Bermuda Business Development Agency (BDA) will host a virtual panel discussion as part of NetDiligences three-part webinar series about cyber-related issues on March 4, 2021.

Key Points: 
  • The Bermuda Business Development Agency (BDA) will host a virtual panel discussion as part of NetDiligences three-part webinar series about cyber-related issues on March 4, 2021.
  • View the full release here: https://www.businesswire.com/news/home/20210223005959/en/
    Bermuda Cyber Market Panel (Photo: Business Wire)
    Titled Bermuda Cyber Market: A Jurisdiction Built on Stability and Innovation, the panel will discuss how the growing trend toward digital transformation has led to an increase in cyber crime and, consequently, a growing demand for cyber insurance.
  • The current landscape of the global cyber insurance market will be explored in addition to the latest trends and innovative solutions on offer in Bermuda.
  • NetDiligence is a leader of networking events for the cyber risk industry and the BDA is proud to partner with the organisation as part of its special programming series, said Jasmine DeSilva, BDA Business Development Manager for Risk and Insurance Solutions.

Crum & Forster Expands eRisk Team with Two New Underwriters

Thursday, February 18, 2021 - 3:00pm

"Cassie and Vlad bring additional expertise to our highly experienced team, and they share our commitment to precision underwriting and developing customized solutions for each client's specific needs," said Nick Economidis, Vice President of eRisk at Crum & Forster.

Key Points: 
  • "Cassie and Vlad bring additional expertise to our highly experienced team, and they share our commitment to precision underwriting and developing customized solutions for each client's specific needs," said Nick Economidis, Vice President of eRisk at Crum & Forster.
  • Borovskyi comes to Crum & Forster from Beazley, where he underwrote and managed a book of specialty business primarily in the Southeast Region.
  • Crum & Forster's eRisk unit is recognized for its Simple Cyber insurance product and other specialty coverages.
  • C&F and Crum & Forster are registered trademarks of United States Fire Insurance Company.

Arch Insurance Backs Coalition with Long-Term Capacity across Cyber Insurance Programs

Tuesday, February 16, 2021 - 1:00pm

Arch Insurance North America, part of Arch Capital Group Ltd., and Coalition, the leading provider of cyber insurance and security, today announced a multi-year partnership that provides Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs on Arch Insurance North America's A.M. Best A+ rated carriers.

Key Points: 
  • Arch Insurance North America, part of Arch Capital Group Ltd., and Coalition, the leading provider of cyber insurance and security, today announced a multi-year partnership that provides Coalition with long-term capacity for its U.S. and Canada Cyber and Technology Errors & Omissions insurance programs on Arch Insurance North America's A.M. Best A+ rated carriers.
  • Our partnership with Coalition is an excellent complement to Archs existing cyber insurance product offerings.
  • Arch Insurance North America, part of Arch Capital Group Ltd., includes Archs insurance operations in the United States and Canada.
  • Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk.

Resilience Broadens National Footprint Adding Underwriting Strength in the Midwest and Southeast

Wednesday, February 10, 2021 - 2:00pm

Kevin McGowan (Vice President) and Mike Shannon (Assistant Vice President) both Cyber Underwriters join Resilience.

Key Points: 
  • Kevin McGowan (Vice President) and Mike Shannon (Assistant Vice President) both Cyber Underwriters join Resilience.
  • By growing its team of senior cyber insurance experts, Resilience is enhancing the services and solutions it delivers to clients with McGowan in the Midwest and Shannon in the Southeast.
  • He was responsible for underwriting and managing the company'smost complex cyber risk placements in the US.
  • Shannon joins Resilience from AXA XL in Atlanta where he served as a Senior Underwriter in their Cyber and Technology E&O practice.

Cowbell Cyber Launches Partner Program to Provide Policyholders with Closed-Loop Risk Management

Thursday, February 4, 2021 - 2:01pm

PLEASANTON, Calif., Feb. 4, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced Cowbell Connect , its partner program which arms policyholders with comprehensive, closed-looped risk management.

Key Points: 
  • PLEASANTON, Calif., Feb. 4, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced Cowbell Connect , its partner program which arms policyholders with comprehensive, closed-looped risk management.
  • Cowbell Connect reinforces Cowbell's closed-loop approach to cyber risk management by bundling cyber coverage with risk assessment, quantification, and mitigation as well as pre- and post-breach services.
  • Cowbell Cyber brings the two worlds together to make it easy for policyholders to understand where they stand against today's biggest cyber threats," said Isabelle Dumont, Vice President of Market Engagement at Cowbell Cyber.
  • Cowbell integrates with these partners through APIs to bring deep, timely cyber risk insights to policyholders and recommendations on how to improve their risk profile.

Global Liability Insurance Market (2021 to 2023) - Overview, Key Trends, Regulatory Developments and COVID-19 Impact Analysis - ResearchAndMarkets.com

Tuesday, February 2, 2021 - 2:53pm

Impact of COVID-19 outbreak on the global and regional Liability insurance industry.

Key Points: 
  • Impact of COVID-19 outbreak on the global and regional Liability insurance industry.
  • It offers a detailed analysis of the regional Liability insurance industry and market forecasts to 2023.
  • It provides key market trends in the Global Liability Insurance industry.
  • Make strategic business decisions using in-depth historic and forecast market data related to the global and regional Liability insurance industry.

Sontiq™ Announces Definitive Agreement to Acquire Cyberscout® the Leading Cyber Products and Services Provider to the Insurance Industry

Tuesday, February 2, 2021 - 12:00pm

By acquiring Cyberscout, Sontiq will further build upon its world-class product platform and expand into the insurance industry with cyber solutions and forensic investigation products and services.

Key Points: 
  • By acquiring Cyberscout, Sontiq will further build upon its world-class product platform and expand into the insurance industry with cyber solutions and forensic investigation products and services.
  • By adding Cyberscout into our product portfolio we are further strengthening our financial services market position with insurance industry expertise.
  • Cyberscout joins Sontiqs cloud-based platform of products and services, with a mutual focus on delivering high-touch services and support.
  • Since 2003, Cyberscout has set the standard in delivering best-of-breed cyber products and services tailored for the insurance industry.

Small and Midsized Business Cyber Security Trends

Thursday, January 28, 2021 - 1:43pm

The statistics are sobering and show that the losses from just one cyberattack have the potential to put a company out of business.

Key Points: 
  • The statistics are sobering and show that the losses from just one cyberattack have the potential to put a company out of business.
  • Cyber security is highly technical and specialized.
  • Qualified technicians are in short supply, and SMBs may not have the resources to hire in-house IT security.
  • Adequate cyber security can help protect your business investment from the devastation of cybercrime, including financial losses, lost contracts, legal and breach notification costs.

AmTrust Builds Cyber Insurance Team

Wednesday, January 27, 2021 - 1:30pm

AmTrust Financial Services, Inc. (AmTrust or the Company), a global specialty property and casualty insurer, today announced that two new professionals, Jeffrey Batt and Michelle Ingrassia, have joined its cyber insurance team headed by Aaron Basilius, Senior Vice President, Cyber.

Key Points: 
  • AmTrust Financial Services, Inc. (AmTrust or the Company), a global specialty property and casualty insurer, today announced that two new professionals, Jeffrey Batt and Michelle Ingrassia, have joined its cyber insurance team headed by Aaron Basilius, Senior Vice President, Cyber.
  • AmTrust is currently active in this large risk cyber insurance market and is also developing cyber risk solutions for a wide range of small businesses, which will be launched later this year.
  • We are delighted that Jeffrey and Michelle have joined our growing team as we build out AmTrusts cyber insurance offerings.
  • As VP, Cyber Product & Underwriting Management at AmTrust, she will oversee AmTrusts cyber insurance offerings.