Cyber insurance

Crawford & Company® partners with the Generali Group

Retrieved on:

Tuesday, November 1, 2022

It is designed to meet the needs of a wide range of global organisations and dovetails with Generalis existing contracted arrangements.

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It is designed to meet the needs of a wide range of global organisations and dovetails with Generalis existing contracted arrangements.
Andrew Bart, CEO, International Operations, Crawford said, "We are delighted to announce this new partnership with Generali to provide cyber incident response and loss adjusting services that comprise the Crawford Cyber Solution.
The outputs of our cyber network solution are clear: to minimise the impact of a cyber-related event on Generali customers' business operations and brand reputation."
We control costs and consistently deliver on brand promise with Crawford as loss adjuster and incident manager.

FCI Shares a New Model to Improve Commercial Cyber Insurance Loss Ratios at InsureTech Connect, Las Vegas

Retrieved on:

Wednesday, September 21, 2022

Insurance, NIST, Computer security, Risk, Discovery, MSSP, NYDFS, Organization, Cyber insurance, Compliance, Reinsurance, FCI, Financial services, Ciso Morales, Security Service, Insurance industry in China, Information technology security assessment, Risk management

LAS VEGAS, Sep. 21, 2022 /PRNewswire-PRWeb/ -- FCI, an MSSP focused on Financial Services, is eager to share a new Pre & Post Breach Risk Management Model that synchronizes post-breach forensics and eDiscovery to pre-breach security assessments, cyber programs, controls, and compliance. This pre-breach preparedness improves a company's ability to reduce claim scope, timing, and costs.

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In May 2022, FitchRatings reported that "Cyber claims have risen by 100% annually in the past three years.
There's a clear, urgent need for change to handle the increasing sophistication of cyber threats and frequency of attacks.
Brian Edelman, FCI's CEO states, "For a sustainable and sound cyber insurance market, Commercial Insurance Brokers will need to promote and facilitate pre-application cyber protection and compliance to Insureds.
Along with that, Cyber Insurers and Reinsurers must tighten up pre and post-breach cyber ecosystem relationships and processes.

Skyward Specialty Addresses Unmet Market Need With New Technology E&O Product

Retrieved on:

Thursday, September 8, 2022

Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it is adding a Technology Errors and Omissions (E&O) Liability insurance solution to its growing professional liability portfolio.

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Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it is adding a Technology Errors and Omissions (E&O) Liability insurance solution to its growing professional liability portfolio.
Companies that offer cutting-edge, regularly evolving services and products, like tech, telecommunications and internet-based service companies, are prime candidates for Skyward Specialty's Technology E&O coverage.
Skyward Specialty is a rapidly growing specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis.
Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company.

Cowbell Expands API-based quoting to Flagship Cyber Insurance Offering

Retrieved on:

Thursday, September 8, 2022

D, CEO, Technology, Cowbell, SME, Insurance, Cowbell Digital Music, Crime, Director, API, Cyber insurance, D&O, Employment practices liability, District, EPL, CPO, Risk, Adoption, Risk management

PLEASANTON, Calif., Sept. 8, 2022 /PRNewswire/ -- Cowbell, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced application programming interfaces (APIs) for Prime 250, its flagship cyber insurance product for businesses with revenue up to $250 million. With API integration now available for both Prime 100 and now Prime 250, insurance digital aggregators can integrate directly to Cowbell's platform, enabling quick and efficient cyber insurance quoting.

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With API integration now available for both Prime 100 and now Prime 250, insurance digital aggregators can integrate directly to Cowbell's platform, enabling quick and efficient cyber insurance quoting.
Cowbell's API integration directly accelerates the adoption of cyber insurance to SMEs, bringing flexibility and scalability to digital insurance aggregators who serve independent insurance agents with various carrier insurance programs.
"Cowbell remains the only cyber insurance provider to instantly deliver, through APIs, bindable quotes," said Rajeev Gupta, co-founder and CPO at Cowbell.
Cowbell is signaling a new era in cyber insurance by harnessing technology and data to provide small and medium-sized enterprises (SMEs) with advanced warning of cyber risk exposures bundled with cyber insurance coverage adaptable to today and tomorrow's threats.

At-Bay Acquires Relay to Accelerate the Future of Specialty Insurance

Retrieved on:

Monday, August 22, 2022

At-Bay , the insurance provider for the digital age, today announced the acquisition of Relay , a technology solutions provider enabling the digital transformation of commercial insurance placements.

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At-Bay , the insurance provider for the digital age, today announced the acquisition of Relay , a technology solutions provider enabling the digital transformation of commercial insurance placements.
Relay will continue to serve a growing list of brokers and partners as an independent entity, under its own management team.
The addition of the Relay marketplace will complement At-Bays ongoing digital distribution strategy to empower brokers and partners with industry-leading technology.
Relay shines with Cyber Insurance, but supports many other lines such as Management Liability, Reps & Warranties, Terrorism, and Small Commercial/BOP.

Colonial Surety Introduces ‘The Notary Package’ to Ensure Protection in the New Era of Tech-Driven Notary Work

Retrieved on:

Tuesday, August 9, 2022

Colonial’s Notary Package consists of a full term Notary Bond at $69, along with $25,000 of Errors & Omissions Insurance (E&O)--which automatically includes $25,000 of Basic Cyber Liability Insurance, for under $14 per month. Importantly, E&O protects Notaries in the face of allegations of negligence in the performance of duties. Also known as Professional Liability Insurance (PLI), E&O covers legal defense expenses, and the cost of settlements and judgments in the event of a lawsuit. “This is important because bonds do not protect notaries, only E&O Insurance does,” added Nunziata.

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The pandemic pushed Notaries to quickly shift to a new paradigm of remote notarization and online communication, said Wayne Nunziata, President at Colonial Surety.
Enter, The Notary Package, created to ensure all notaries can efficiently and affordably protect themselves in this new era of digitally driven Notary work.
Uniquely, to provide notaries with added protection and value, Colonial includes Basic Cyber Liability Insurance with the purchase of E&O Insurance.
Colonial Surety is licensed in every U.S. state, rated A Excellent by A.M. Best, and listed by the U.S. Treasury as an approved surety.

Beazley Chooses Insurity's Sure Program Underwriting Distribution Solution to Automate Distribution And Validate Data for its New PAF Product

Retrieved on:

Tuesday, July 26, 2022

Beazley will leverage Insurity's Sure P.U.D., formerly Virtual MGA, to allow MGAs to submit risks in a standard format, validate data at submission, and automate the underwriting process.

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Beazley will leverage Insurity's Sure P.U.D., formerly Virtual MGA, to allow MGAs to submit risks in a standard format, validate data at submission, and automate the underwriting process.
"The automation provided by Insurity's Sure Program Underwriting Distribution solution will give the Beazley team a data-first platform, empowering growth and minimizing underwriter intervention, said Richard Montminy, Group Head of Property Risks at Beazley.
Their use of Insurity's Sure Program Underwriting Distribution enables the PAF team to capitalize quickly on new and emerging opportunities in the marketplace."
To learn more about how your organization can benefit from Sure Program Underwriting Distribution, please contact Elizabeth Hutchinson at [email protected] .

Amwins Partners with FusionMGA Providing Exclusive Access to Strategic Cyber Capacity

Retrieved on:

Tuesday, June 28, 2022

Awareness, Policy, MFA, Risk, Partnership, Business, Innovation, Industry, Cyber insurance, Insurance, Program, Risk management, Weapon, Amwin

CHARLOTTE, N.C., June 28, 2022 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, has announced a new partnership with FusionMGA providing retail brokers with exclusive access to cyber liability coverage for accounts without minimum cyber security controls in place, as well as complimentary access to proprietary cyber security tools and resources.

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CHARLOTTE, N.C., June 28, 2022 /PRNewswire/ -- Amwins, a global distributor of specialty insurance products and services, has announced a new partnership with FusionMGA providing retail brokers with exclusive access to cyber liability coverage for accounts without minimum cyber security controls in place, as well as complimentary access to proprietary cyber security tools and resources.
"This service-focused cyber product is offered exclusively through Amwins brokers utilizing our proprietary digital quoting portal.
FusionMGA is a Cyber Insurtech MGA focused on the creation and distribution of Innovative Cyber Insurance products.
Based out of Kansas City, the FusionMGA team has decades of experience in the Cyber Security and Cyber Insurance industries providing deeper insight into Cyber exposures.

Cisco Launches AppDynamics Cloud to Enable the Delivery of Exceptional Digital Experiences

Retrieved on:

Tuesday, June 14, 2022

CISCO LIVE -- Today, Cisco (NASDAQ: CSCO) announced the launch of AppDynamics Cloud at Cisco Live, the premiere networking and security event. AppDynamics Cloud enables delivery of exceptional digital experiences by correlating telemetry data from across any cloud environment at massive scale. It leverages cloud-native observability to remediate application performance issues with business context and insights-driven actions.

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Designed for simplicity, usability, and intuitiveness, it empowers IT teams to deliver the exceptional digital experiences currently demanded by businesses, consumers and end users.
CISCO LIVE -- Today, Cisco (NASDAQ: CSCO) announced the launch of AppDynamics Cloud at Cisco Live, the premiere networking and security event.
AppDynamics Cloud enables delivery of exceptional digital experiences by correlating telemetry data from across any cloud environment at massive scale.
AppDynamics Cloud supports cloud-native, managed Kubernetes environments on Amazon Web Services (AWS), with future expansion to Microsoft Azure, Google Cloud Platform, and other cloud providers.

NetDiligence Announces Recipients of 2022 Toby Merrill Awards

Retrieved on:

Friday, June 3, 2022

PHILADELPHIA, June 3, 2022 /PRNewswire/ -- NetDiligence®, a leading provider of cyber risk readiness and response services, yesterday announced the winners of its 2022 Toby Merrill Awards at the company's Cyber Risk Summit in Philadelphia. NetDiligence presents these awards each year honoring the late Toby Merrill, an icon in cyber insurance. The Toby Merrill Award for Excellence is given to a seasoned cyber insurance thought leader, the Rising Star Award is given to an emerging insurance professional, and the Community Spirit Award acknowledges an individual who fosters camaraderie and community within the cyber insurance industry.

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PHILADELPHIA, June 3, 2022 /PRNewswire/ --NetDiligence, a leading provider of cyber risk readiness and response services, yesterday announced the winners of its 2022 Toby Merrill Awards at the company's Cyber Risk Summit in Philadelphia.
NetDiligence presents these awards each year honoring the late Toby Merrill, an icon in cyber insurance.
2022 Rising Star Award Michael Phillips, Resilience Cyber Insurance Solutions
Michael Phillips is the Chief Claims Officer of Resilience Cyber Insurance Solutions .
Chubb and NetDiligence also actively support the Toby Merrill Scholarship Fund, which financially supports the educational advancement of students who reflect the qualities of leadership, kindness and strength that Toby epitomized.