Insurers told a congressional hearing Thursday that they need the flexibility to determine what they will and won’t cover under cyber policies, saying they are still trying to understand the risks associated with cyberattacks.
Tag: cyber policies
US Cyber Loss Ratios Returned to 2019 Levels in 2022: Aon
U.S. cyber market loss ratios returned to 2019 levels in 2022, dropping from 67% in 2021 to 45% across standalone and package policies, according to Aon’s recently released cyber market update.
Cowbell Cyber Demystifies Cyber Insurance with Cowbell Prime 100
Cowbell Cyber, a startup pioneering Artificial Intelligence (AI)-powered cyber insurance for small to mid-sized businesses (SMBs), today announced the launch of Cowbell Prime 100, empowering insurance agents to issue personalized cyber policies with up to $5m in Limits. Cowbell Prime 100 offers an A.M. Best ‘A’-Rated admitted policy backed by Boost Insurance and prominent reinsurance… Continue reading Cowbell Cyber Demystifies Cyber Insurance with Cowbell Prime 100
Willis Towers Watson Launches Innovative New Cyber Policies for Clients
Willis Towers Watson, a leading global advisory, broking and solutions company, has launched three new cyber insurance policies for clients across the U.S., Canada, the U.K. and Western Europe. The policies provide innovative, tailored solutions for large enterprise and mid-market clients, enabling them to fully assess, protect and recover losses related to cyber risk. The… Continue reading Willis Towers Watson Launches Innovative New Cyber Policies for Clients