UnitedHealth Group claims a recent ransomware attack on subsidiary Change Healthcare led to vast amounts ...
Battle over cyber war insurance exclusions making buyers question value of cover
Lloyd's of London's rollout of its exclusion for cyber war and severe state-backed attacks has been the source of client confusion....
Lloyd's of London's rollout of its exclusion for cyber war and severe state-backed attacks has been the source of client confusion....
Article / 9 months ago
Cyber insurance market poised for growth as hard market eases
A slowdown in price increases and companies hardening their cybersecurity defenses will help expand the cyber insurance market, according to industry brokers and underwriters...
A slowdown in price increases and companies hardening their cybersecurity defenses will help expand the cyber insurance market, according to industry brokers and underwriters...
Article / 9 months ago
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 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