Cyber insurance

Evolve MGA Successfully Implements Veruna

Retrieved on: 
Thursday, July 22, 2021

AUSTIN, Texas and BOSTON, July 22, 2021 (GLOBE NEWSWIRE) -- Veruna , developer of the insurance industrys only comprehensive agency management system (AMS) built on the Salesforce platform, is pleased to announce that Evolve MGA (Evolve) , cyber insurance specialist, has successfully implemented Veruna for increased productivity and success.

Key Points: 
  • AUSTIN, Texas and BOSTON, July 22, 2021 (GLOBE NEWSWIRE) -- Veruna , developer of the insurance industrys only comprehensive agency management system (AMS) built on the Salesforce platform, is pleased to announce that Evolve MGA (Evolve) , cyber insurance specialist, has successfully implemented Veruna for increased productivity and success.
  • After researching alternatives, Howley and the Evolve team selected Veruna because it is natively built on Salesforce, highly-customizable, and came with the enthusiastic recommendation of Evolves own agency customers.
  • With Veruna, we had a foundation that was 70 percent of everything that we needed, even with all the customization we wanted.
  • By providing a state-of-the-art agency management system built on Salesforce, Veruna empowers businesses to know their business so they can grow their business.

Talage Announces Partnership with Cowbell Cyber

Retrieved on: 
Tuesday, July 20, 2021

RENO, Nev., July 20, 2021 (GLOBE NEWSWIRE) -- Talage , a provider of digital distribution software solutions for commercial insurance, is pleased to announce a partnership with Cowbell Cyber (Cowbell) , a provider of next-generation cyber insurance for commercial businesses enabling appointed agents to process cyber coverages on Talages Wheelhouse platform .

Key Points: 
  • RENO, Nev., July 20, 2021 (GLOBE NEWSWIRE) -- Talage , a provider of digital distribution software solutions for commercial insurance, is pleased to announce a partnership with Cowbell Cyber (Cowbell) , a provider of next-generation cyber insurance for commercial businesses enabling appointed agents to process cyber coverages on Talages Wheelhouse platform .
  • Pioneering a unique approach to cyber insurance, Cowbell combines artificial intelligence (AI)-powered cyber insurance with a continuous underwriting platform and modern technology from partners, like Talage.
  • Our goal with Cowbell and our proprietary Cowbell Factors is to simplify the quantification of cyber risk and make cyber insurance accessible to all businesses.
  • Cowbell Cyber is dedicated to providing standalone, admitted, individualized, and easy-to-understand cyber insurance for small and mid-size businesses.

Panzura's Glen Shok Remarks on Reducing Cyber Insurance Premiums as Ransomware Crisis Drives Up Rates

Retrieved on: 
Tuesday, July 20, 2021

In an attempt to reduce their cyber insurance costs, organizations are seeking to demonstrate they have systems in place that provide data resilience.

Key Points: 
  • In an attempt to reduce their cyber insurance costs, organizations are seeking to demonstrate they have systems in place that provide data resilience.
  • This has the potential to reduce risk for the business and insurer alike, and result in lower premiums," said Shok.
  • Cyber insurance prices are driven by the need for risk management and the growing incidence of network intrusions, data theft and ransomware exploits.
  • Shok said insurers have responded to the ransomware crisis in various ways including limits on claims payments and tying payments to policyholders' actions.

TechAssure Launches Cyber Threat Sharing Community to Fight Ransomware

Retrieved on: 
Tuesday, July 20, 2021

Using RiskAnalytics' proprietary cybersecurity solutions, and ICE Cybersecurity's assessment and analytics platform, Insureds can now join in the fight against Ransomware, actively participating in a global network for cyber threat information-sharingand blocking of malicious IP addresses, all in real-time effectively minimizing ransomware exposure.

Key Points: 
  • Using RiskAnalytics' proprietary cybersecurity solutions, and ICE Cybersecurity's assessment and analytics platform, Insureds can now join in the fight against Ransomware, actively participating in a global network for cyber threat information-sharingand blocking of malicious IP addresses, all in real-time effectively minimizing ransomware exposure.
  • "Cyber insurance and cyber security have always been reactionary in their defense of cyber risk," said TechAssure Executive Director, Garrett Droege.
  • "The ShadowNet Program allows clients to be proactive in minimizing ransomware risk by blocking specific IP addresses and improving their overall security posture.
  • With decades of cybersecurity experience in the insurance vertical, RiskAnalytics has weaponized threat intelligence to allow companies to "join the fight against Ransomware."

Cowbell Cyber Lands Top 10 Rank in Insurtech Insights' Future50 Americas List

Retrieved on: 
Thursday, July 15, 2021

PLEASANTON, Calif., July 15, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced it has been recognized on Insurtech Insights ' Future50 Americas list.

Key Points: 
  • PLEASANTON, Calif., July 15, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced it has been recognized on Insurtech Insights ' Future50 Americas list.
  • Out of thousands of companies, Cowbell Cyber ranked number 10 on the list and was the highest-ranked cyber insurance provider.
  • Cowbell Cyber makes cyber insurance coverage accessible to all businesses with protection that can evolve with the rapidly changing threat landscape.
  • "This recognition on the Insurtech Insights' Future50 list validates our overall mission to bring standalone, admitted individualized and easy-to-digest cyber insurance to all businesses.

NetDiligence Announces Recipients of 2020 & 2021 Toby Merrill Awards

Retrieved on: 
Thursday, July 15, 2021

PHILADELPHIA, July 15, 2021 /PRNewswire/ --NetDiligence, a leading provider of cyber risk readiness and response services, yesterday announced the winners of its 2020 and 2021 Toby Merrill Awards at the company's first in-person Cyber Risk Summit since the pandemic began.

Key Points: 
  • PHILADELPHIA, July 15, 2021 /PRNewswire/ --NetDiligence, a leading provider of cyber risk readiness and response services, yesterday announced the winners of its 2020 and 2021 Toby Merrill Awards at the company's first in-person Cyber Risk Summit since the pandemic began.
  • NetDiligence traditionally presents two 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.
  • 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.

Transmosis's Small Business Cybersecurity Service with $500,000 in Liability Coverage Expands Globally

Retrieved on: 
Thursday, July 8, 2021

PHOENIX, July 8, 2021 /PRNewswire/ --U.S. cybersecurity workforce developer, Transmosis , today announced $500,000 of expanded cyber liability coverage and international growth of its enterprise grade cybersecurity-as-a-service, transmosisONE.

Key Points: 
  • PHOENIX, July 8, 2021 /PRNewswire/ --U.S. cybersecurity workforce developer, Transmosis , today announced $500,000 of expanded cyber liability coverage and international growth of its enterprise grade cybersecurity-as-a-service, transmosisONE.
  • Regarded by experts as the most complete, fully outsourced small business and work-from-home cybersecurity solution on the market today , transmosisONE provides critical protection and cyber liability coverage all included in one flexible monthly subscription.
  • Its next generation technology is fully integrated with $500,000 of cyber liability coverage, the only small business cybersecurity-as-a-service that ensures full compliance and rapid reimbursements.
  • Transmosis's proprietary virtual cybersecurity security analyst training model serves as the foundation of transmosisONE, a Fortune 5000 cybersecurity platform designed to protect small businesses from cyber attack ( http://www.transmosis.com//transmosisONE ).

Chubb Survey Finds Consumer Behaviors Toward Cyber Security Remain Unchanged Despite Increasing Risk

Retrieved on: 
Wednesday, July 7, 2021

Additional key findings are outlined below:

Key Points: 
  • Additional key findings are outlined below:
    Nearly half of Americans chose to relocate in order to work remotely during the pandemic.
  • When it Comes to Cyber Insurance, Americans are Sticking to What They Know
    Only 12% of Americans have purchased a personal cyber insurance policy in the past year.
  • This is the fourth survey by Chubb measuring consumers' approaches and behaviors toward cyber risk.
  • Conducted by Research Now SSI, a leading global provider of first-party consumer and professional data, the online survey was fielded between February 11-25, 2021.

Cogitate Launches Commercial Auto Solution within Flagship DigitalEdge Platform

Retrieved on: 
Wednesday, June 30, 2021

MARIETTA,Ga., June 30, 2021 /PRNewswire/ -- Cogitate has launched a Commercial Auto rate, quote, bind, issue, and post-sale service (endorsements, cancelations, reinstatements, renewals, etc.)

Key Points: 
  • MARIETTA,Ga., June 30, 2021 /PRNewswire/ -- Cogitate has launched a Commercial Auto rate, quote, bind, issue, and post-sale service (endorsements, cancelations, reinstatements, renewals, etc.)
  • The Commercial Auto application is integrated with Cogitate's powerful comparative rating engine giving multiple premium options based on multiple carriers' rates.
  • While Builder's Risk already exists in our DigitalEdge Platform, Commercial Auto is a huge step for our users to start their digital journey into Commercial Lines.
  • Next to be added to our digital platform is Cyber Liability, followed by General Liability, Commercial Property, and then Commercial Package."

Sunil Sekhri Joins At-Bay as Head of Security Services

Retrieved on: 
Wednesday, June 30, 2021

At-Bay, the insurance company for the digital age, today announced Sunil Sekhri joined the company as Head of Security Services.

Key Points: 
  • At-Bay, the insurance company for the digital age, today announced Sunil Sekhri joined the company as Head of Security Services.
  • Throughout his career, Sekhri has focused on cyber risk mitigation and worked closely with clients during incidents and post-incident.
  • At-Bay has a tremendous opportunity to go even further and actually improve their security practices, Sekhri said.
  • Sekhri joins as At-Bays approach to integrating security services with cyber insurance continues to gain momentum in a hardening cyber insurance market.