Alta Signa’s Post

You have property insurance to protect tangible assets such as buildings and equipment. Do you have insurance to protect the intangible assets residing on your network? Thank you to Intanify and Dylan Dryden for the insightful discussion about the financial impact of not protecting intangible assets.

Beazley, a leading specialist insurer, has launched FLEX, a new consortium that provides financial institutions with combined coverage for civil liability, crime, fraud, Directors & Officers (D&O), and cyber risks. Gerard Bloom, Head of International Specialty Risks at Beazley, explained the rationale behind the consortium: “As financial institutions increasingly seek consolidated coverage to address a wide array of risks, we have worked closely with our clients and brokers to develop FLEX.” Alessandro Lezzi, Head of International Cyber Risks at Beazley, highlighted the importance of expanding the company’s cyber offerings: “By combining our leading cyber expertise with our financial institutions’ expertise, FLEX actively reduces the risk of coverage gaps and strengthens our clients’ resilience against emerging threats.” Read the full story here: https://lnkd.in/dEHifz25 Join Alessandro Lezzi, Head of International Cyber Risks at Beazley, at Insurtech Insights Europe 2025 on March 19 to 20th at the O2 Intercontinental – London. Alessandro is confirmed to offer valuable insights at the event. For more information, visit here: https://lnkd.in/gnvvek7 #insurtechinsights #insurance #insurtech #productlaunch

There is so much going on in #tradesecrets it is hard to keep up! Today’s tips are really a teaser for a webinar I’m doing tomorrow with Shared Assessments about cyber risk and insurance for your third party service providers. I have a slightly different take on what this risk looks like today because we are squarely focused on #tradesecrets as potentially THE most valuable and completely uninsured asset most companies have. We will discuss “traditional” 😳😬 cyber risks and insurance plus what companies can do to shore up their vulnerabilities to theft of company innovation, know-how, competitive advantage which are your #crownjewels. Customers and business partners who are granted access to this information are a major threat. This is a Board and compliance risk but more importantly it can have a devastating impact to future earnings. #tradesecrettuesday #TST #coveryourassets Crown Jewel® Insurance

More exclusive product development to get excited about! Contact your INSUREtrust or CRC Insurance Services broker today to make your client experience better tomorrow than it is today!

Every now and again, I remember that all squares are rectangles but not all rectangles are squares. Every company or, more broadly, industry with OT-related cyber risks will also have IT-related cyber risks ... but not every company or, more broadly, industry with IT-related cyber risks will have OT-related cyber risks. How are insurers selling cyber insurance handling the difference (between IT-related and OT-related cyber risks) in their: 1. underwriting approaches; 2. the cyber insurance policies (inclusive of the wording of the terms, conditions, and restrictions) they sell; 3. train their brokers and other producers in the differences; 4. provide cyber claim service; 5. create reserves & surpluses; 6. manage their reinsurance ceding / assuming program; and 7. pursue alliances and partnerships with other financial organizations interested in providing capacity for cyber risk remediation? #cyber #cyberrisks #ITcyberrisks #OTcyberrisks

1 fundamental reason why insurance companies need to model cyber risk... They need enough capital to see them through a crisis 💥💸 That means they need their balance sheet to endure a big systemic event or catastrophe. By modelling cyber risk, insurance companies can set the necessary capital aside, which, in turn, will feed into future growth plans. For Gallagher Re, as a reinsurance broker, their biggest concern is understanding which client is most exposed to a big systemic event. With this information, they can advise their clients on which reinsurance option they should buy ✅ In short: Cyber risk modelling leads to a more sustainable industry! Watch this short video to learn more! 👇 ... 🎙 Want to learn more from Justyna, Global Head of Cyber Analytics at Gallagher Re? 🔗 Listen to the full episode here 👉 https://lnkd.in/ecuPMqNk (Spotify) | https://lnkd.in/eMdq4DWK (Apple) #cyber #cyberinsurance #incidentresponse #cybersecurity Thanks to our friends at SAWOO for producing this content piece with us.

This week the #RCG team was on the ground at #RISKWORLD2024 in San Diego. The past few days have been filled with client and partner meetings. One of the highlights was when Principal Chris Mortifoglio, CPA, CFE participated in an active panel session on Tuesday afternoon titled "Ransom, Regulation, Kinetics and Biometrics: Cutting-Edge Insurance Solutions for Today’s Risk Landscape." With an engaged audience, the discussion focused on the current state of the cyber insurance market, specific concerns for risk managers, and how organizations can be better prepared to deal with cyber risk. #RIMS #Insurance #Cyber #ForensicAccounting #Claims

Excess Cyber anyone? CRC has you covered! Also check out our Cyber360 for standalone social engineering coverage, limits way past the sublimited $250k. #crcgroup

#cyber #cyberinsurance #cyberattackers #sec #cyberlossmodels #probablecybermaximumloss You have got to get a chuckle out of this ... at least, if it wasn't so sad. Cyber Attacker turns in its victim to the SEC. Not that corporations aren't under pressure from all sides: their own government (regulators), worsening cyber attack space, plaintiff's attorneys, shareholders, and cyber attackers hitting them once to extort / shut down / damage their company's operations and once again as a snitch. I'd add insurers offering lowering levels of cyber insurance coverage - but coming from the insurance industry and continuing to believe that cyber risks are not insurable, for me that is a good result. I wonder if insurers offering cyber insurance - or firms creating cyber loss models - have factored in cyber attacker boomerang cyber losses (e.g., turning in their victims to the SEC) in to their cyber loss models? For me, estimating a probable maximum cyber loss is becoming more difficult by the day. AlphV files an SEC complaint against MeridianLink for not disclosing a breach to the SEC (2) https://lnkd.in/guVgrMxv

As a Reinsurance Broker, we see firsthand the rising tide of cyberattacks. A single data breach can be devastating, causing financial losses, operational disruption, and reputational damage. That's why we, at Classic Reinsurance Brokers, are dedicated to helping businesses like yours secure the right cyber reinsurance solutions. We partner with leading reinsurers to offer: 1. Tailored coverage: Data breaches, business interruption, regulatory fines - we've got you covered. 2. Capacity & Expertise: Access to industry-leading reinsurers and in-depth knowledge of the cyber risk landscape. 3. Claims Advocacy: Strong relationships with reinsurers ensure you receive fair and timely settlements. Let's discuss your specific cyber risk profile and develop a comprehensive reinsurance strategy that protects your business. #Cybersecurity #security #Cyber