Markel, a cyber liability insurer, has added a risk management tool for its cyber insurance policyholders. WhiteHaX, a cyber risk testing and reporting tool, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. Markel says …
Reinsurers are aware they must constantly invent new solutions in order to stay relevant for their clients. Yet, they admit they are sometimes challenged to close the protection gap for new and emerging risks such as cyber. Cyber is actually …
Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. …
CFC, a UK-based specialist insurance provider and pioneer in emerging risk, has expanded its in-house cyber incident response capabilities with the acquisition of Solis Security, an incident response provider headquartered in Austin, Texas. CFC said its in-house cyber claims and …
As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they’re adequately covered by a cyber insurance policy. According to a …
Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks continues to hold them back, according to experts …
Cyber risks are the top concern among businesses of all sizes. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said they worry some or a great deal about cyber risks, ahead of medical cost inflation (54%), …
H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Node International, a U.K. managing general agent that specializes in cyber risk and technology-related insurance solutions. Financial details of the transaction were not …
Coalition, an cyber insurance company focused on small- and midsize-businesses, has expanded its cyber and technology errors and omissions coverage — previously only available to companies with less than $250 million in revenue — to include middle market companies with …
AXA XL and Accenture are partnering to offer global cyber-security expertise to AXA XL’s underwriters, brokers and clients to strengthen their cyber capabilities and recover from cyber attacks. AXA XL — AXA’s property & casualty (P&C) and specialty risk division …
