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Coalition launches its Active Cyber Insurance in France

20th August 2025

Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. With capacity provided by Allianz Commercial via Allianz Global Corporate & Specialty SE (AGCS) - in a multi-year agreement - Active Insurance is now ... Read the full article

Cyber incidents in APAC up 29% in 2024: Aon

12th August 2025

According to findings from Aon's 2025 Cyber Risk Report, cyber incidents in the Asia Pacific (APAC) region in 2024 rose by 29% year-over-year, and have increased by 134% since 2020. The insurance and reinsurance broker's report reveals that, in 2024, cyber insurance claims notifications increased by 22% across APAC, and due ... Read the full article

MSIG USA partners with Coalition to launch new cyber insurance for US

7th August 2025

MSIG USA, a provider of specialty commercial insurance solutions, has strategically partnered with Coalition, an active insurer focused on preventing digital risks, to launch a new cyber insurance offering for its US clients. The new program offers primary cyber coverage for multinational businesses purchasing insurance coverage from MSIG USA internationally and ... Read the full article

Shadow AI emerging as a major cyber threat, warns Consilium

7th August 2025

Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a Data Breach Report. Shadow AI refers to the ... Read the full article

Tokio Marine Kiln appoints Lucy Fraser as Cyber Risk Analyst

24th July 2025

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Lucy Fraser as Cyber Risk Analyst. The appointment supports TMK’s continued expansion of its cyber risk offerings at a critical time, following a series of high-profile attacks—particularly against the retail sector, including the April 2025 attack on ... Read the full article

Intersys launches in India to strengthen brokers cyber portfolio

18th July 2025

Intersys, a cyber security and IT services provider, has launched operations in India, based in Mumbai, to help brokers and insurers grow cyber portfolios by strengthening policyholder resilience. Under the leadership of Tanmay Gore, Director of Intersys India, the Mumbai office is addressing a significant market issue: the challenge for organisations, ... Read the full article

Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re

15th July 2025

Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms have published key findings from a study on severe cyber accumulation events and ... Read the full article

CyberCube releases latest version of catastrophe model, PMv6

14th July 2025

CyberCube, a provider of cyber risk analytics, has announced the launch of Portfolio Manager Version 6 (PMv6), the latest version of its catastrophe modelling platform. This new version has been designed to reflect the cyber insurance market’s evolution into a global entity, incorporating advance modelling for international exposures and explicitly factoring ... Read the full article

AM Best maintains stable outlook for global cyber insurance in 2025 amid growth, AI, and rising threats

9th July 2025

AM Best, the credit rating agency, has reaffirmed a Stable outlook for the global cyber insurance market heading into 2025, underscoring a combination of factors that will influence the sector’s performance in the coming years. Despite a moderate softening in the market since 2023, demand for cyber insurance remains resilient and ... Read the full article

McGill and Partners introduces cyber insurance specifically designed for Battery Energy Storage Systems

17th June 2025

McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector. With growing digitisation across the energy industry, battery storage systems have become increasingly vulnerable to cyber threats. As these systems become more interconnected and ... Read the full article

Cyber reputation risk events can reduce shareholder value by 27%: Aon

17th June 2025

Cyber events that cause reputation risks can lead to an average 27% drop in shareholder value, according to Aon's 2025 Global Cyber Risk Report. The report analysed more than 1,400 cyber events globally, identifying which types are most likely to evolve into reputation risk events and which are most damaging when ... Read the full article

Gallagher Re reveals leaked data as a strong predictor of cyber insurance claims

16th June 2025

Reinsurance company Gallagher Re, through the expertise of its authors James Poynter, William Gildea, Mohit Motwani, and their Cyber Analytics team, presents a comprehensive analysis of how technographic data can be leveraged to enhance underwriting in commercial cyber insurance. Their research focuses on the development and application of the Technographic Insight ... Read the full article

British businesses increasingly adopting AI despite rise in cybersecurity risks: QBE

2nd June 2025

Most UK businesses are rapidly embracing Artificial Intelligence (AI), with 95% already using or looking into it, despite an increase in cyberthreats, with 80% of businesses in the country believing cyber risks are on the rise and over half (53%) having experience a cyber attack in the past year, QBE’s ... Read the full article

SFMI selects Cyberwrite to strengthen its cyber insurance capabilities

28th May 2025

Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe modelling, AI-driven real-time underwriting analytics, and broker enablement. The collaboration will reportedly focus on strengthening SFMI’s ability to assess the ... Read the full article

Cyber risk and environmental issues lead reputational concerns in 2024/25: WTW

27th May 2025

Willis, a WTW business, has released its Reputational Risk Readiness Survey 2024/25, highlighting a sharp rise in concerns around cyber threats and environmental challenges among global senior executives. Of the 500 respondents, 65% identified cyber risk—especially cyber-attacks—as the most significant threat to their organisation's reputation, an increase from 52% in 2023. Environmental ... Read the full article

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