Chubb, the world’s largest publicly traded property & casualty insurance company, is collaborating with SentinelOne, a leader in cybersecurity, to streamline cyber risk management practices for U.S. businesses.
Tag: cyber risk management
SMEs Have a Long Way to Go to Get Cyber-Protected: Corvus-Blackberry Survey
MGA Corvus and Blackberry partnered on a survey to learn more about how small and medium enterprises view cyber insurance and solutions like endpoint detection and response (EDR). The biggest takeaways: SMEs still have a long way to go in getting properly insured for cyberattacks. The survey found that only 55 percent of respondents currently… Continue reading SMEs Have a Long Way to Go to Get Cyber-Protected: Corvus-Blackberry Survey
Howden: Cyber Prices Could See Some Stabilization Later this Year
According to a recent Howden report, cyber risk management efforts are having a positive impact, and ransomware may be “relentless,” setting the stage for some rate moderation in cyber prices later this year. In 2020 and 2021, ransomware attacks increased the frequency and severity of losses, prompting insurers to reduce capacity and raise prices to… Continue reading Howden: Cyber Prices Could See Some Stabilization Later this Year
WTW Launches Suite of Cyber Assessments to Help Clients Better Manage Risk
Willis Towers Watson, a leading global advisory, broking and solutions company, has introduced two new cyber risk assessment services in direct response to the findings from its recent cyber claims insights report. The report found that: Human error (people risk) was the single biggest root-cause of global cyber incidents / claims, and; Ransomware (and the… Continue reading WTW Launches Suite of Cyber Assessments to Help Clients Better Manage Risk
AIR Worldwide and Capsicum Re Collaborate to Develop Silent Cyber Modeling Capabilities
Catastrophe modeling firm AIR Worldwide (AIR) today announced that it is collaborating with Capsicum Re, a full-service global reinsurance broker, as part of a joint effort to enhance the insurance industry’s modeling of what many refer to as “silent” cyber incidents. Capsicum Re has also adopted AIR’s cyber risk modeling and analytics platform, ARC, which… Continue reading AIR Worldwide and Capsicum Re Collaborate to Develop Silent Cyber Modeling Capabilities