Insiber.com

Breaking New Ground in Cybersecurity Management: Insiber.com’s CyberControl Enhancements At Insiber.com we’re thrilled to announce groundbreaking new features for our CyberControl platform, designed to meet the complex needs of today’s cybersecurity professionals. For consultants overseeing multiple businesses—such as fractional CISOs—we’ve introduced a multi-account structure. This innovation allows seamless management of multiple organizations from a single account, dramatically improving operational efficiency and visibility. But that’s not all. This update also serves organizations with centralized CISO structures, enabling them to streamline workflows with simplified template and settings imports across multiple entities. In an era where managing cybersecurity is becoming increasingly complex, our Managed Profiles offer a game-changing solution for fractional CISOs, consultants, and enterprises alike. With CyberControl, staying ahead of threats while optimizing resources has never been easier. We’re excited to see how these features will empower our users to elevate their cybersecurity strategies. #CyberSecurity #FractionalCISO #Innovation #Insurtech #Insiber

The Future of Risk Management: Lessons from California’s Insurance Crisis As California grapples with devastating wildfires and an evolving insurance crisis, parallels emerge that resonate far beyond natural disasters. A POLITICO article highlights the challenges insurers face when managing unpredictable, high-severity risks—challenges eerily similar to those in the rapidly evolving world of cybersecurity. Just as wildfires have forced insurers to reassess risk models and coverage strategies, the surge in sophisticated cyberattacks is pushing the boundaries of traditional cyber insurance. Businesses are left navigating coverage gaps, rising premiums, and exclusions that reflect the growing uncertainty in underwriting these modern risks. This isn’t just a California problem—it’s a global wake-up call. The insurance industry must adapt to a world where prevention and mitigation are as crucial as post-event recovery. For cybersecurity, this means integrating proactive risk assessments, employee training, and advanced threat detection into insurance offerings. Just as communities are exploring “fireproofing” strategies, organizations must embrace “cyberproofing” as a standard business practice. This is also the core message of the article we shared earlier this week by Marsh At Insiber.com, we believe the future of cyber insurance lies in partnerships that merge robust cyber risk management tools with innovative insurance solutions. It’s time to shift the focus from simply insuring against catastrophic losses to preventing them in the first place. What do you think? Are we prepared for the challenges of insuring the unpredictable in a digital-first world? Read the article on Politico https://lnkd.in/eQDMy77w #RiskManagement #CyberInsurance #Cybersecurity #Innovation

Cyber threats are escalating, and relying solely on technology or insurance is no longer enough. Marsh Sweden’s recent article by Roman Kovalchuk highlights the need for a holistic approach to manage today’s complex risks. This isn’t just a call to action for the Nordics—it’s a global imperative for all organizations, especially SMEs. At Insiber.com, we’ve designed our CyberControl platform to empower businesses with a swift and cost-efficient way to adopt this comprehensive strategy. From understanding vulnerabilities to mitigating, transferring, and reacting to risks and ensuring to follow their cyber insurance requirements, CyberControl enables SMEs to take control of their cyber resilience. Let’s make awareness the cornerstone of this transformation. Share this article to help organizations everywhere take the step toward holistic cyber risk management. Together, we can make the difference. https://lnkd.in/eXrdgwVw Thank you Gregory Van den Top for sharing this article. #CyberSecurity #SMEs #DigitalResilience

Reimagining the Future of Insurance Distribution: Embedded Cyber Insurance & Risk Advisory Evolution The insurance industry stands at a transformative crossroads. According to a groundbreaking report co-developed by Roland Berger and Insiber.com alma mater, InsurTech Hub Munich, the future lies in embedded insurance and a shift in broker roles towards becoming risk advisors, not just policy salespeople. Key highlights from the report: Embedded Insurance: Seamlessly integrating insurance with primary products is poised to redefine customer journeys. This model offers scalable opportunities, especially in areas like cyber protection, while addressing evolving consumer preferences. Risk Advisory Evolution: Brokers who embrace advanced analytics and AI will transition into trusted advisors, helping clients proactively manage risks rather than reactively insuring against them. Tech-Driven Insights: Digital transformation, including AI and data analytics, will be pivotal in reshaping customer engagement and boosting operational efficiency. For cyber insurance, this means embedding coverage within broader cybersecurity ecosystems—turning policies into dynamic, proactive partnerships. This shift allows insurers and brokers to offer tailored, transparent, and easily accessible solutions, meeting the expectations of a hybrid, tech-savvy clientele. The challenge? Balancing the scalability of embedded models with maintaining strong customer relationships. The opportunity? Driving unparalleled value by uniting insurance with ecosystem-wide solutions. A huge thanks to Florian Graillot of astoryaVC for sharing this report in his new year's message and InsurTech Hub Munich and Roland Berger for leading this forward-thinking initiative and sharing such invaluable insights. At Insiber.com, we’re inspired to play our part in shaping this future—where insurers and brokers not only protect but also empower their clients. If you want the report yourself; you can find it here https://lnkd.in/eCHuS3M4 #InsuranceInnovation #CyberInsurance #InsurTech #EmbeddedInsurance #RiskAdvisory #DigitalTransformation

Speaking of innovation, we want to spotlight STORM, developed by Stanford University. Among AI writing platforms, STORM is a game-changer, thanks to its cutting-edge approach to generating comprehensive, Wikipedia-like content. Here’s what makes it stand out: - Pre-Writing Focus with Multi-Perspective Question Asking STORM uses simulated AI dialogues to incorporate diverse perspectives, enriching the depth and quality of its output. - Automated Outline Generation By organizing information from various sources before drafting, STORM ensures articles are both structured and exhaustive. - Integration of Retrieval-Augmented Generation (RAG) STORM’s unique enhancement of RAG results in more insightful and complete content. - Customization and Flexibility With customizable retrieval and language models, users can tailor the tool to meet specific research needs. - Open-Source Accessibility As a free, open-source tool, STORM empowers students, researchers, and developers alike to collaborate and innovate. This combination of features positions STORM as a leading tool for generating well-researched, structured, and diverse content. Curious to see how this aligns with cybersecurity innovation for SMEs? Check out Insiber.com STORM article here: https://lnkd.in/e2c6uyDb #Cybersecurity #SMEs #AI #Innovation #CyberInsurance #TechLeadership #FutureOfWork

Cybersecurity 2025: A Year We Can’t Leave to the Dogs 🐾 As we approach the end of 2024, Insiber.com is proud to announce the release of our End-of-Year Dispatch, a comprehensive outlook on cybersecurity and cyber insurance for the year ahead. Why is 2025 pivotal? From evolving threats to regulatory changes, the stakes have never been higher in cyber. It’s a year of decisions that demand focus, strategy, and resilience—not just hitting “snooze” like the dogs boardroom in the illustration. To equip you for the challenges ahead, we’ve compiled a 2024 Insiber.com Dispatch Binder, offering insights and actionable strategies from all our reports this year. It’s everything you need to be prepared for what’s coming and where it is coming from. The futures of cybersecurity and cyber insurance are no joke. Let’s leave the barking and snoozing to the dogs and tackle 2025 head-on. PS: If you are not on the Dispatch newsletter list yet, leave a comment and you will receive Dispatch 20 by the end of this week.

The Cyber Insurance Industry at a Crossroads: Can It Keep Pace with Evolving Digital Threats? The cyber insurance sector is facing unprecedented challenges. As digital threats evolve at breakneck speed, insurers are struggling to keep up — hampered by a lack of historical data, skyrocketing claim costs, and a persistent knowledge gap in distribution channels. This perfect storm is forcing the industry to rethink its approach to risk, coverage, and protection. This article unpacks the biggest hurdles and boldest opportunities for insurers navigating this high-stakes world of cyber risk. It’s a must-read for brokers, insurers, and business leaders aiming to stay ahead of the curve. Read the full story and share your thoughts below! https://lnkd.in/ejApyBuV

The Cyber Mandate: Navigating Underwriter Failures, Netflix Exposés, and the AI-Bancassurance Surge The 19th edition of the Insiber.com Dispatch is here, spotlighting the cracks in cyber insurance and reminding us that resilience is key: Insurance implosions: COGITANDA Deutschland’s potential collapse is a warning for brokers, insurers, and SMEs. Are you ready for the unexpected? Human fallout: Netflix’s focus on the Ashley Madison hack exposes real-life stakes. Beyond reputations, lives can unravel in a cyber breach. Reimagined CyberControl: Stronger, faster, smarter. Our evolved platform, powered by AI, simplifies risk management for SMEs. Bancassurance 2.0: Banks and insurers unite to bridge the SME cybersecurity gap, reshaping how these businesses secure protection with Boston Consulting Group (BCG) report AI’s new frontier: From hyper-personalization to fraud prevention, AI is transforming insurance. Insights from Insurtech Amsterdam reveal where the smart money flows. Boardroom urgency: Seven crucial questions every executive should ask about cyber risk—don’t overlook them. Stay ahead. Subscribe to the Insiber Dispatch and join an informed community shaping tomorrow’s cyber defense. Read the full dispatch https://lnkd.in/eFXD4CB9 Cyber risk is here now. Arm yourself with strategy, intelligence, and the industry’s finest minds. #CyberSecurity #SMEs #RiskManagement #Insurtech #AI #CyberInsurance #CyberControl #Bancassurance #Leadership #DigitalResilience

The cyber insurance market is set for remarkable expansion, driven by the rise in cyber threats and the growing need for effective risk management. Industry forecasts suggest rapid growth in premiums as demand for comprehensive cyber coverage accelerates. Global cyber insurance premiums are expected to reach $20 billion by 2025 and $29 billion by 2027, according to Cyrus Delarami, underwriting manager for corporate cyber at Munich Re. This represents a significant leap from the estimated $14 billion market size in 2023, signaling the sector’s evolution from a niche offering to a vital pillar of corporate risk management. Growth could come from increased penetration among small and medium-sized enterprises, said Michael Phillips, New York-based U.S. cyber practice leader, at specialist insurer CFC GROUP Ltd. The recent problems of COGITANDA Deutschland, a German cyber Managing General Agent, highlight the sector’s complexities. The company’s financial struggles reflect the volatility of a fast-changing market, but they also underline the need for more potent, more adaptive underwriting approaches. These challenges allow insurers to innovate, offering more sophisticated, tailored policies that align with the changing threat landscape. Enhanced products and better risk assessment tools will be crucial for future growth. Despite hurdles, the broader outlook for cyber insurance remains one of expansion. The increasing frequency and sophistication of cyberattacks call for more substantial insurance offerings and more proactive risk management by businesses, setting the stage for a more secure and well-insured digital economy.

Cogitanda on the Brink of Insolvency: A Cautionary Tale in Cyber Underwriting COGITANDA Deutschland, once a promising provider of cyber risk coverage and incident recovery services, now finds itself in dire straits. Years of substantial underwriting losses, compounded by stringent demands from risk carriers for higher premiums and curtailed coverage, have spurred brokers to take their business elsewhere. The company’s shareholder letter laments an “exceptionally sharp decline in commission income,” a setback that has weighed heavily on the bottom line. Market timing has only deepened the crisis. With many policies renewing at the start of the year, the exodus of clients in the autumn left Cogitanda grappling with an unexpectedly acute short-term strain. In short, the once-thriving cyber player is now grappling with the unforgiving realities of a volatile insurance market. This turmoil underscores the importance of clients—particularly SMEs—actively managing their cyber risks rather than relying predominantly on third parties. Proactive measures and informed decision-making on the client side can help stabilize insurer-client relationships. To that end, Insiber.com has successfully created the CyberControl platform, designed to effectively support companies in managing their cyber risks and insurance needs and avoid heavy insurance losses for insurers. For further insights into the COGITANDA Deutschland case, insolvency and insurance law experts Dr. Wolfram Desch and Quirin Vergho of GvW Graf von Westphalen—moderated by Ole Sieverding of CyberDirekt—recently discussed these issues in detail. More background (in German) and access to the webinar: https://lnkd.in/gag6wFnr & https://lnkd.in/dt9pYpXP