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Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Insurance Journal

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …

Cyber 264
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Experts Say More Collaboration Needed for Critical Infrastructure Cyber Risk

Insurance Journal

Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …

Cyber 264
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Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Insurance Journal

Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its†2024 Cyber Claims Report: Mid-Year Update, which details emerging cyber trends and their impact on policyholders

Cyber 274
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Cowbell Resiliency Services (CRS): Empowering Policyholders with Proactive Cyber Defense

Cowbell

As cyber threats become more advanceddriven by AI innovations and intensified by geopolitical tensionsorganizations of all sizes must rethink how they protect themselves. This blog post aims to provide everyoneCowbell employees, broker partners, and policyholders alikewith a comprehensive overview of what CRS entails and why it matters.

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Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts

Insurance Journal

Specialist insurer CFC announced a new cyber product Cyber Proactive Response (CPR) aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …

Cyber 130
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Building Cyber Resilience: Your Guide for Internet Safety Month

Cowbell

As cyber threats grow in frequency and sophistication, businesses need to prioritize staying safe in this evolving threat landscape. At Cowbell, we believe Internet Safety Month is the perfect opportunity to review and reinforce your organizations cybersecurity posture and build long-term cyber resilience. What Is Cyber Resilience?

Cyber 59
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Introducing Cowbell Resiliency Services (CRS): A New Era of Cybersecurity for US Policyholders

Cowbell

At Cowbell, were always looking for innovative ways to help our policyholders improve their risk resilience. Thats why were thrilled to announce the launch of Cowbell Resiliency Services (CRS) , a new suite of cybersecurity solutions designed to proactively enhance the security posture of US-based policyholders.