Cyber insurance

Periculus Partners with TIP National for New Cyber Insurance Offering, Expanding Digital Risk Solutions for U.S.-based SMB Customers

Retrieved on: 
Wednesday, May 4, 2022
Running, Fearless, LLC, Policy, Mastercard, Main Street, Review, SMB, Limited liability company, Freedom, MGA, Cyber insurance, Super Mario, Limited, Small business, Merchant, Solution, CEO, Technology, TIP, Risk assessment, Multimedia, Life insurance, Online shopping, Risk management, Insurance, Insurance

PURCELLVILLE, Va., May 4, 2022 /PRNewswire/ -- Periculus announced today the launch of a new cyber insurance offering for users of its digital risk management solutions. Developed in collaboration with TIP National, LLC, Periculus now provides small and medium-sized businesses (SMBs) the ability to instantly request a quote, purchase, and manage a cyber insurance policy tailored to meet the exact needs of the business.

Key Points: 
  • TIP National enables Periculus users to instantly request cyber insurance quotes and purchase policies based on their unique risk profile.
  • PURCELLVILLE, Va., May 4, 2022 /PRNewswire/ -- Periculus announced today the launch of a new cyber insurance offering for users of its digital risk management solutions.
  • TIP National enables Periculus users to request cyber insurance quotes & purchase policies based on their risk profile.
  • "We are thrilled to partner with TIP, which makes accessing and procuring cyber insurance easy for our customers," Mark Lowers, CEO of Periculus, said.

Insurity Launches Cloud-Based Sure Underwriting Workbench to Streamline the Underwriting Process, Offering P&C Carriers a 50% Off Discount for a Limited Time

Retrieved on: 
Tuesday, May 3, 2022
Professional Services, Data Management, Technology, Other Professional Services, Insurance, Software, Policy, GI Partners, TA Associates, Sure, Time, Insurance, P&C, MGA, Risk, DWP, Life insurance, Cyber insurance

The first five existing Insurity customers who license Sure Underwriting Workbench will also receive 500 implementation hours for no charge as part of the promotion.

Key Points: 
  • The first five existing Insurity customers who license Sure Underwriting Workbench will also receive 500 implementation hours for no charge as part of the promotion.
  • Insuritys Sure Underwriting Workbench empowers underwriters to automate routine decisions so they can spend more time focusing on complex and emerging risks.
  • Sure Underwriting Workbench solves many of the issues underwriters face in this rapidly evolving market, said Sylvester Mathis, Chief Insurance Officer, Insurity.
  • To learn more about eligibility and how to streamline the underwriting process with Sure Underwriting Workbench, please visit here for more information.

Vantage Group Welcomes Andrew Lea as It Enters the Cyber Insurance Market

Retrieved on: 
Monday, April 25, 2022
Insurance, Professional Services, AIG, Swiss Re, CNA Financial, Creativity, Cyber insurance, Efficiency, AM Best, Neway Group Holdings Limited, Management, Commercial, Marsh, Industry, Zurich Insurance Group, Risk, Senior, Insurance, Risk management, Media, Vantage, Insurance

Vantage Group Holdings Ltd. (Vantage) announced today that Andrew Lea has joined as Senior Vice President of Cyber Liability, Technology E&O, Media and Management Professional Liability Insurance.

Key Points: 
  • Vantage Group Holdings Ltd. (Vantage) announced today that Andrew Lea has joined as Senior Vice President of Cyber Liability, Technology E&O, Media and Management Professional Liability Insurance.
  • Andrew brings extensive underwriting experience from senior-level underwriting roles with commercial insurance carriers including Zurich Insurance, Swiss Re and AIG, as well as some prior broking experience at Marsh.
  • It will also facilitate our entry into the Cyber insurance market at a time of unprecedented need for this protection.
  • Vantage operating subsidiaries Vantage Risk Ltd., Vantage Risk Assurance Company and Vantage Risk Specialty Insurance Company are rated A- (Excellent) by AM Best.

Berkshire Hathaway Specialty Insurance Promotes Olivier Hamon to Head Executive & Professional Lines In France

Retrieved on: 
Monday, March 14, 2022
Insurance, Professional Services, Financial institution, 4th floor, Employment practices liability, National Indemnity Company, AM Best, Crime, Miss Nebraska USA, Designated activity company, Indemnity, Health, Registered office, Standard, Berkshire Hathaway, Cyber insurance, Berkshire Hathaway Travel Protection, Head, Insurance, 2nd Floor (Nina song), Travel

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Olivier Hamon as Head of Executive & Professional Lines in France.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Olivier Hamon as Head of Executive & Professional Lines in France.
  • Olivier has been instrumental in building our Executive & Professional Lines portfolio and our strong customer relationships from day one, said Franois-Xavier dHuart, Country Manager, France, BHSI.
  • In his new role, Olivier will oversee BHSIs entire Executive & Professional Lines portfolio in France, which includes D&O Liability, Financial Institutions D&O Liability, Professional Indemnity, Employment Practices Liability, Crime, and Cyber Insurance.
  • In Europe, Berkshire Hathaway Specialty Insurance (BHSI) trades under Berkshire Hathaway European Insurance DAC (BHEI) and Berkshire Hathaway International Insurance Limited (BHIIL).

Guidehouse Insights Anticipates the Cyber Insurance Market for Energy to Grow at a Compound Annual Growth Rate of Nearly 18% by 2030

Retrieved on: 
Thursday, March 10, 2022
Policy, Energy industry, Growth, Veritas Capital, Benchmarking, CAGR, Traction, Risk, Insurance, Public sector, Research, Cyber insurance, Technology, Risk management

According to a new report from Guidehouse Insights,the cyber insurance market for energy is anticipated to grow to $441.8 million between 2021 and 2030 at a compound annual growth rate (CAGR) of 17.7%.

Key Points: 
  • According to a new report from Guidehouse Insights,the cyber insurance market for energy is anticipated to grow to $441.8 million between 2021 and 2030 at a compound annual growth rate (CAGR) of 17.7%.
  • The report, Cyber Insurance for the Energy Industry , reviews cyber risk across the energy industry and the market drivers and barriers associated with cyber insurance policy underwriting and assessment.
  • Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries.
  • Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

Academy Cyber Risk Toolkit Updated with 'War, Terrorism, and Cyber Insurance' Section, Resource Guide

Retrieved on: 
Friday, February 25, 2022
Risk, American Academy, War, Cyber insurance, Organization, News, American Academy of Actuaries, Academy, Weapon, Insurance

WASHINGTON, Feb. 25, 2022 /PRNewswire/ -- The updated Cyber Risk Toolkit from the American Academy of Actuaries is a good "first stop" for anyone seeking clear, topical explanations of cyber risk and cyber insurance issues, including a new section on "War, Cyberterrorism, and Cyber Insurance" as well as a new centralized guide highlighting useful cyber risk resources available from other organizations.

Key Points: 
  • WASHINGTON, Feb. 25, 2022 /PRNewswire/ -- The updated Cyber Risk Toolkit from the American Academy of Actuaries is a good "first stop" for anyone seeking clear, topical explanations of cyber risk and cyber insurance issues, including a new section on "War, Cyberterrorism, and Cyber Insurance" as well as a new centralized guide highlighting useful cyber risk resources available from other organizations.
  • "Whether you're curious about cyber risk because of what you've recently seen in the news, or you're an insurance policyholder or a public policymaker seeking information about the types of cyber exposures or coverages, the toolkit is an excellent resource for finding what you want to know," said Norman Niami, chairperson of the Academy's Cyber Risk Task Force, which developed the toolkit.

NAIC Report Show 2020 Premiums Grew 29.1% as Cyberthreats Rise

Retrieved on: 
Monday, November 8, 2021
National Association of Insurance Commissioners, Policy, Cyber insurance, NAIC, Insurance, National Association, Risk management, Weapon

WASHINGTON, Nov. 8, 2021 /PRNewswire/ --The National Association of Insurance Commissioners (NAIC) released its Cyber Insurance report , utilizing data found within the Cyber Supplement, as well as alien surplus lines data collected through the NAIC's International Insurance Department.

Key Points: 
  • WASHINGTON, Nov. 8, 2021 /PRNewswire/ --The National Association of Insurance Commissioners (NAIC) released its Cyber Insurance report , utilizing data found within the Cyber Supplement, as well as alien surplus lines data collected through the NAIC's International Insurance Department.
  • The 2020 data shows a cybersecurity insurance market of roughly $4.1billion reflecting an increase of 29.1% from the prior year.
  • Insurers writing standalone cybersecurity insurance products reported approximately $2.58billion in direct written premiums, and those writing cybersecurity insurance as part of a package policy reported roughly $1.49billion in direct written premiums.
  • The top 20 U.S. groups writing standalone and package cyber insurance combined are listed in the table below.

Cogitate Launches Cyber Liability Solution Within Flagship DigitalEdge Platform.

Retrieved on: 
Tuesday, August 31, 2021
Privacy, MGA, Commercial general liability insurance, Policy, Insurance, Risk, Property, Cyber insurance, Solution, ISO, AIM, LDAP, SSO, Sale, Commercial, Commercial property

MARIETTA, Ga., Aug. 31, 2021 /PRNewswire/ -- Cogitate has launched a Cyber Liability rate, quote, bind, issue, and post-sale service (endorsements, cancelations, reinstatements, renewals, etc.)

Key Points: 
  • MARIETTA, Ga., Aug. 31, 2021 /PRNewswire/ -- Cogitate has launched a Cyber Liability rate, quote, bind, issue, and post-sale service (endorsements, cancelations, reinstatements, renewals, etc.)
  • within its next-gen digital insurance flagship solution, DigitalEdge.
  • The solution provides agency and underwriting mapping in complex policy conditions where experienced underwriting is needed.
  • The Cyber Liability application provides real time updates on changes and requests to a policy with the use of push notifications and email and portal alerts.

Connected Insurance (CI) partners with Swiss Re to launch its first embedded cyber protection for the digital-savvy consumers - "The Digital-Life Insurance."

Retrieved on: 
Monday, August 2, 2021
Cybercrime, Computer security, Types of insurance, Cyber insurance, Internet security, Insurance, Cyberattack, Articles, Crime, Cyberwarfare

Recent researches clearly show that most consumers are concerned about cyber threats, but only a few know that personal cyber insurance products are available.

Key Points: 
  • Recent researches clearly show that most consumers are concerned about cyber threats, but only a few know that personal cyber insurance products are available.
  • To address this gap, Connected Insurance has partnered with Swiss Re to create The Digital-Life Insurance.
  • This multi-layered cyber protection offers personal cyber insurance to individuals and families.
  • Unlike traditional cyber insurance products, The Digital-Life Insurance adds additional layers of prevention and proactive protection.

Resilience Calls for a Cyber Hippocratic Oath

Retrieved on: 
Thursday, July 29, 2021
Articles, Cyber insurance, Internet security, Psychological resilience, Hippocratic Oath, Hippocrates, Academic disciplines, Human behavior

Given the level of urgency and the need for a more responsible approach, Resilience Cyber Insurance Solutions calls for a Cyber Hippocratic Oath and is taking an innovative approach to cyber risk management.The Resilience "Insure and Secure" model, Cyber Primary Care, provides an in-depth level of support and partnership for middle-market organizations to go beyond preparedness and actively protect against cyber risk.

Key Points: 
  • Given the level of urgency and the need for a more responsible approach, Resilience Cyber Insurance Solutions calls for a Cyber Hippocratic Oath and is taking an innovative approach to cyber risk management.The Resilience "Insure and Secure" model, Cyber Primary Care, provides an in-depth level of support and partnership for middle-market organizations to go beyond preparedness and actively protect against cyber risk.
  • "Doctors have been guided by the principles in the Hippocratic Oath for centuries prevention is preferable to cure, knowledge-sharing benefits all, and collaboration is necessary for recovery," said Vishaal "V8" Hariprasad, CEO of Resilience.
  • "If the cyberrisk industry adapted our own version of this oath, we could advance cyberrisk management and cyber wellness enormously.
  • "Building on these principles, Cyber Primary Care goes beyond patches, firewalls, and policies and improves day-to-day cyber wellness and enhances organizations' resilience to cyber risks," said Hariprasad.