CyberCube’s Post

There isn’t a more dynamic or fast-paced part of the insurance industry than cyber. While that gives providers a chance to innovate, it also means the bar is continually moving.  This year’s winners of Insurance Business America’s 5-Star Cyber 2024 stood out for empowering brokers with tools to understand the risk better and showcase their expertise and stability to clients. Read the full report and meet the firms at the leading edge diligently protecting clients in a rapidly changing landscape. https://hubs.la/Q02ymN8Z0

Exciting news for Cyber MGAs! 🎉 Resilience has doubled its cyber insurance limits to $20 million through an enhanced partnership with Lloyd's. This significant increase in capacity will empower Cyber MGAs to offer more robust protection to their clients, ensuring better coverage against growing cyber threats. 🌐🔒 #CyberInsurance #MGA #Lloyds #CyberSecurity #InsurTech #BusinessGrowth

Guy Carpenter's recent report reveals that the CrowdStrike IT outage, caused by a flawed update, might result in insured losses ranging from $300 million to $1 billion. The incident highlights the growing importance of robust cyber insurance in managing digital risks. Read the full article here: https://lnkd.in/eqt3ugid Contact us today to learn more about Synergy2: https://lnkd.in/eJd_4V_W #CrowdStrike #GuyCarpenter #InsuranceNews #Reinsurance #ITOutage #Synergy2 #Eurobase

As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In this insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. Watch here: https://ow.ly/cifu30sHJxH #MunichReFC #CyberResilience

Some fantastic data emerging from Howden on the short and long-term impact of the Crowdstrike outage last month on capacity, premiums and losses. We’ve gathered some key insights to keep in mind when it comes to these systemic cyber events and the extraordinary resilience of the cyber insurance market. Read Howden’s full article here ⤵️ https://lnkd.in/dQrTFvky

As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In this insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. Watch here: https://ow.ly/Oazz30sHJVY #MunichReFC #CyberResilience

As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In this insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. Watch here: https://ow.ly/IbRZ30sHOBn #MunichReFC #CyberResilience

As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In this insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. Watch here: https://ow.ly/UgUa50U2aGi #MunichReFC #CyberResilience

Looking forward to discussing all things cyber at tomorrow’s Insurance News Cyber Seminar! I’ll be discussing key trends facing the cyber insurance industry – including literally hot off the press (today!) statistics from the Australian Signals Directorate. I’ve had a quick look, and while the average self-reported cost of cybercrime per report for businesses is down 8% overall, the cost for small business is actually up 8% to $49,000! https://lnkd.in/gjxXpD_G #cyberrisk #insurancenews

As cyberattacks become increasingly sophisticated, the cyber insurance market faces critical challenges. Recent incidents like WannaCry, NotPetya, and the CrowdStrike, highlight that cyberattacks can have profound impacts and participants in the cyber insurance market need to remain resilient. In this insightful interview with The Insurer TV, Bob Parisi from Munich Re F&C discusses these critical issues and emphasizes that the market must remain vigilant and adaptable. Watch here: https://ow.ly/Ew1N30sHVhx #MunichReFC #CyberResilience