cyber insurance News
Cyber Threats Top Business Concern in Travelers Canada Risk Index
Cyber threats is the leading concern among business leaders for the second consecutive year, according to 2024 Travelers Canada Risk Index. The survey by Travelers Companies, Inc., first published in ...
Converge Insurance CEO Talks Focus, Innovation and Perseverance
Converge Insurance CEO Tom Kang said one of his most important pieces of advice for other InsurTechs is a seemingly obvious but often overlooked point, and that is to remember the insurance part of ...
Report: As Businesses Improve Security, Cyber Premiums Fall
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on ...
Berkshire, Starr in Top Cyber Ranking; Global Outlook Stable: AM Best
According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a 'stable' outlook despite a stall in premium growth. Analysts at AM Best issued a ...
Research Finds Businesses Fight Repeated Ransomware Attacks
Newly released research indicates that businesses face significant threat from from ransomware attacks and data exfiltration over the past 24 months, according to Halcyon, an anti-ransomware platform ...
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO ...
Lockton Re: Hypothetical Cyber Event Offers Carriers an Opportunity to Review Risks
A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, "A Kaleidoscope of ...
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premium Growth in 2023
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a ...