Cyber Insurance

Image of businessman holding umbrella in a digital rain representing the need for businesses to get cyber liability insurance

Does the 21st Century Business Really need Cyber Liability Insurance?

July 13, 2017

If your business is dealing with data then ignoring the peace of mind that cyber liability insurance would provide would be foolhardy. In fact, the very survival of a business that stores and leverages customer data in any way may very well depend on good cyber liability coverage. Read More

Image of umbrella in the rain representing cyber insurance for public sector agencies

Cyber Security Insights

Cyber Insurance Now Critical for Public Sector Agencies?

November 29, 2017

The private sector is increasingly turning to cyber insurance to at least mitigate some of the effects of hacking, however governments across the globe seem to have been slow to take advantage. Given the severity of the cyber threats, is it time for public sector agencies to leverage cyber insurance offerings? Read More

Image of stethoscope on laptop keyboard representing cyber risk benchmarking for cyber insurance

Cyber Security News

Cyber Insurance Gets a Boost with Cyber Risk Benchmarking Model

January 5, 2018

AIG releases new cyber risk benchmarking model to quantify and score cyber maturity of clients, boosting cyber insurance and promoting metrics useful for the industry to evaluate the risks that organizations face in terms of cyber security. Read More

Executives discussing cybersecurity defenses

Cyber Security Insights

Getting Defensive: Expert Advice on Cybersecurity

July 2, 2018

CPO Magazine sat down with Prashant Pai and Scott Stransky at Verisk to understand what companies should consider when shoring their cybersecurity defenses. Read More

Business man standing on the sea in the middle of storm showing cyber insurance may not cover cyber war

Cyber Security News

Cyber Insurance Not Valid in Case of Cyber War, Says Major Insurance Company

January 17, 2019

In what is shaping up to be a major test case for the entire cyber insurance industry, Zurich Insurance is refusing to pay out a $100 million claim from Mondelez, saying that the ransomware attack was actually an act of “cyber war,” and therefore, is not covered by the policy. Read More

Businesswoman standing in the rain holding umbrella showing that cyber insurance coverage may not be what was expected

Cyber Security Insights

Businesses Are Finding Out That Cyber Insurance Coverage Might Not Be What They Thought

January 31, 2019

Given the growing prevalence of data breaches, evidence is building that many cyber insurance policies might be close to worthless, as insurance companies look for any excuse possible to avoid paying out the full amount of a claim. Read More

Woman with black umbrella in heavy rain showing the need for personal cyber insurance

Cyber Security General News

Personal Cyber Insurance Market Could Be $3 Billion Market Opportunity by 2025

February 10, 2019

Every week, there seems to be a major new data breach that impacts millions. So it’s no surprise that personal cyber insurance are being offered by insurance companies, and the global market could be worth as much as $3.1 billion by the year 2025. Read More

Shopping street at night showing the cyber awareness gap of SMEs in Asia Pacific

Cyber Security Insights

SMEs and the Cyber Awareness Gap

February 27, 2019

A recent study conducted by Chubb in major Asia-Pacific markets reveals that SMEs tend to be both overconfident and underprepared when it comes to cyber awareness. Read More

Man holding umbrella walking into a laptop with lightning on the screen showing how insurers have a role in tackling cyber threats

Cyber Security Insights

How Insurers Can Tackle Cyber Threats in the Digital Age

March 27, 2019

Insurers have a vital role to play in inoculating organizations against potentially crippling attacks. With cyber insurance premiums forecast to reach $7.5 billion by 2020, how can insurers do their part to leverage this opportunity for the benefit of customers in today’s digital world? Read More

Car mechanic testing car engine showing new cyber insurance initiative modelled similarly to automotive industry

Cyber Security News

New Program to Rate Cybersecurity Products Involves Biggest Names in Cyber Insurance Industry

April 11, 2019

Insurance giant Marsh & McLennan is leading a “Cyber Catalyst” program involving top cyber insurance companies to provide seal of approval for top-rated cybersecurity products. How will this impact consumers and the cyber insurance industry? Read More