UnitedHealth Group claims a recent ransomware attack on subsidiary Change Healthcare led to vast amounts ...
Insurers revisit cyber coverage as demand, premiums spike
Axa XL's Rachel Rossini said the rise in ransomware attacks has forced the company to re-underwrite its cybersecurity book...
Axa XL's Rachel Rossini said the rise in ransomware attacks has forced the company to re-underwrite its cybersecurity book...
Article / 2 years ago
London cyber insurance prices to level off, but market remains 'really tough'
Rates are flattening after a spike at the end of 2021, but pricing levels continue to make the market difficult for insurance buyers...
Rates are flattening after a spike at the end of 2021, but pricing levels continue to make the market difficult for insurance buyers...
Article / 2 years ago
Cyber insurers hike rates, tweak coverage as loss ratio rises again in '20
The cyber insurance sector saw another year of double-digit percentage premium growth and a sharp increase in loss ratio in 2020...
The cyber insurance sector saw another year of double-digit percentage premium growth and a sharp increase in loss ratio in 2020...
Article / 3 years ago
Cyber insurers tighten underwriting, raise prices as ransomware wave hits
Ransomware attacks are becoming more targeted, sophisticated and vindictive, pushing up claims ratios and forcing insurers to respond. Some may even be considering exiting the market...
Ransomware attacks are becoming more targeted, sophisticated and vindictive, pushing up claims ratios and forcing insurers to respond. Some may even be considering exiting the market...
Article / 4 years ago
Cyber insurance sees steady growth despite sales, retention challenges
The cyber liability insurance market saw 13.5% year-over-year growth in 2019, but it may be underperforming its potential to expand because of complexities...
The cyber liability insurance market saw 13.5% year-over-year growth in 2019, but it may be underperforming its potential to expand because of complexities...
Article / 4 years ago
Growth of ransomware threat 'unsustainable' for cyber insurance industry
Cyber liability coverage for ransomware attacks will need to pull back as losses rise at an alarming rate, Axa XL's chief underwriting officer for cyber and...
Cyber liability coverage for ransomware attacks will need to pull back as losses rise at an alarming rate, Axa XL's chief underwriting officer for cyber and...
Article / 4 years ago
