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Aviva to strengthen cyber exposure management with CyberCube partnership

19th May 2025

CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, which in turn will strengthen the insurer’s cyber exposure ... Read the full article

Willis adds Brian Vosloh as Head of Cyber for EMEA

14th May 2025

Willis, a WTW business, has appointed Brian Vosloh as Head of Cyber for the Europe, the Middle East and Africa (EMEA) region. The broker continues to invest in cyber as it rises to one of the top risks facing businesses. The appointment strengthens the firm’s ability to help clients effectively manage ... Read the full article

UK cyber insurance claims in 2024 down YOY but still up on earlier years: Marsh

12th May 2025

Cyber claims in the United Kingdom decreased by 20% in 2024 following a spike in 2023, although they remain around one-third higher than in 2020, 2021, and 2022, according to new research by Marsh, the insurance broking and risk advisor arm of Marsh McLennan. Marsh’s paper, “UK Cyber Insurance Claims Trend ... Read the full article

Ransomware costs ease but email-based attacks dominate, Coalition reports

8th May 2025

Coalition, a cyber insurance provider known for its Active Insurance model that aims to prevent digital threats before they cause harm, has published its 2025 Cyber Claims Report, offering a comprehensive view of cyberattack trends affecting its policyholders throughout 2024. According to the report, ransomware incidents remained the most expensive and ... Read the full article

Lloyd’s backs BreachBits with strategic investment to strengthen cyber risk management

16th April 2025

Lloyd's, the insurance and reinsurance marketplace, has made a strategic investment in BreachBits, a cyber risk innovation company founded by former US military cyber warfare veterans. This marks Lloyd's third investment in cutting-edge solutions from alumni of its Lloyd's Lab, following BreachBits' successful participation in the accelerator program's 13th cohort, which ... Read the full article

Remote access behind 80% of ransomware attacks, At-Bay reports

10th April 2025

At-Bay, a cyber insurance and security firm known for its integrated "InsurSec" approach, has released its 2025 InsurSec Report, revealing significant shifts in the cyber threat landscape. Drawing on data from its own claims portfolio, the report highlights a resurgence in ransomware activity in 2024, with remote access tools—particularly VPNs—serving as ... Read the full article

Closing the cyber protection gap for small businesses: CyberCube

4th April 2025

A growing cyber protection gap is affecting small businesses, requiring a concerted effort from key industry stakeholders, including cyber brokers, underwriters, and reinsurers to help close it, according to a recent report by CyberCube. The report highlights that small businesses with annual revenues between $10 million and $250 million make a ... Read the full article

Japan’s cyber insurance market continues to grow amid flat reinsurance demand: Gallagher Re

3rd April 2025

The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re's April 1 renewal report shows that overall, the global reinsurance market showed increased capacity and ... Read the full article

CFC launches new cyber product with 30 enhancements

2nd April 2025

CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new cyber product, Cyber Proactive Response (CPR), aimed at businesses with revenues up to £250 million. CPR delivers broad and clear cyber coverage, with 30 enhancements and the removal of six exclusions. James Burns, Global Head of Cyber ... Read the full article

Personal cyber insurance protection gap growing: Triple-I and HSB

28th March 2025

Despite a large number of consumers being routinely victims of cybercrime, most of them do not have personal cyber insurance, according to a recent report by the Insurance Information Institute (Triple-I) and HSB. The Addressing the Personal Cyber Protection Gap report captures the results of their recent survey of insurance agents ... Read the full article

Cowbell Connectors expands to 30+ integrations to enhance cyber risk assessment

27th March 2025

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the expansion of its Cowbell Connectors to more than 30 integrations with top security and cloud service providers. Cowbell Connectors enhance cyber risk assessment and underwriting by leveraging inside-out data, unlike businesses that rely on outside-in or partial ... Read the full article

Cyber threats surge in 2025 as Coalition highlights rising risks and new trends

14th March 2025

Coalition, an Active Insurance provider focused on managing digital risks, has published its Cyber Threat Index for 2025. The report provides an in-depth analysis of cybersecurity trends from 2024 and highlights emerging threats that businesses should be aware of in 2025. A major takeaway from the report is that the majority of ... Read the full article

Travelers reports rise in ransomware activity in Q4’24 Cyber Threat Report

10th March 2025

The Travelers Companies, Inc., a provider of property and casualty insurance, has released its Q4 2024 Cyber Threat Report, revealing a notable surge in ransomware activity. The report, based on data gathered from ransomware leak sites, highlights an increase in the number of organisations targeted by ransomware groups last quarter. These groups ... Read the full article

AXA XL partners with cyber security expert Darkweb IQ

6th March 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has partnered with Darkweb IQ to help businesses strengthen their cyber security practices. Darkweb IQ is a cybersecurity firm that specialises in protecting companies from cyber threats such as ransomware, data theft, and third-party risks. By collaborating ... Read the full article

Third-party risk emerges as key driver of cyber insurance claims & losses in 2024: Resilience

28th February 2025

In 2024, third-party risk emerged as a primary driver of cyber insurance claims and significant financial losses, according to new data from Resilience, a provider of cyber risk solutions. As businesses become increasingly reliant on interconnected systems and a broad range of software vendors, third-party risks have become a critical yet ... Read the full article