Cyber Insurance Academy’s Post

Spotlight alert! Insurance Business America recently covered CAC Specialty's new CyberPeril Pro, with expert insights from Adam Lantrip and Vannessa Stuckey Smith. There's a real risk of coverage gaps in the utility and energy sectors. Enter CyberPeril Pro - the game-changer built to take on cyber gaps headfirst, giving clients the protection they deserve in today's digital world. Connect with our cyber team to explore how we can help enhance your security. https://lnkd.in/gWpaPDPs

Catch up on the trends forecast in the Data, Privacy and Cyber arena in DAC Beachcroft 2024 Predictions released last week. Also available in audio if you enjoy multi-tasking -click on the link below... #informedinsurance #predictions #trends #forecast #articles #insurance #databreach #cyber #privacy #dataprivacy #legal #claimsmanagement

The Crowdstrike event has inevitably dominated the news (TV and radio, once the former was able to restart broadcasting…) and my LinkedIn feed is about 95% on the same subject. While it will take time for the facts to emerge, I do wonder if this is a watershed moment for the cyber insurance market. Is this the trigger for insurers to create separate products to segregate incidents from systemic events (like this) from the more isolated ransomware or data breach events that the market has previously dealt with? One thing is for certain - the discussions amongst the Baker Tilly US cyber teams when we do our annual predictions later this year will be most interesting…!

💡Insurers, make informed decisions faster.💡 Learn how you can solve complex business problems in cyber insurance and risk with our latest article highlighting the ways you can implement genAI. Read more here: https://okt.to/h4BZKo

Knowledge is power. Aon’s Cyber Impact Analysis helps businesses quantify the financial impact of a major cyber attack and the role that cyber insurance can play in mitigating that risk. https://lnkd.in/dzTV2PZt #Aon #AonCyberSolutions #CyberInsurance #BetterDecisions

According to CyberCube's cyber catastrophe model and industry exposure database, the CrowdOut event is a major event for the cyber insurance market but does not come close to the destructive potential that leading insurers are holding capital against. Read more here: https://lnkd.in/ebCtqnaS #CrowdOut #CrowdStrike

This year we expect to see a new emerging trend in data breach claims. We've just released the details of this trend in our 2024 Data, Privacy and Cyber predictions, as well as over 160 predictions on the full spectrum of insurance risks, to support the global insurance market in preparing for the challenges ahead.   Take a look at all the predictions our insurance experts are making here: https://bit.ly/3tYgfpc

Coalition, Inc. uses AI to keep pace with the cyber risk landscape. We use it to help detect issues early, assess potential impacts, and extract the most relevant insights to help make sure we are making informed risk decisions with each new cyber insurance quote. Learn more: https://bit.ly/3Zn3zpa

The CrowdStrike IT outage was a trigger for many businesses to assess their cyber resilience and put their incident response plans to the test. But is was not just a cyber insurance event - see our Observation Wheel in this article for other insurances impacted - from D&O through to Event Cancellation. Here are five lessons learned that organizations can implement in the aftermath: https://aon.io/46vq10W #CrowdStrike #CyberRiskManagement #CyberInsurance

💸 What’s the real financial cost of a cyber attack? 💸 In this eye-opening clip, we break down the heavy toll a cyber attack can take on your business, both financially and operationally. Cyber Insurance offers protection against these devastating impacts—don’t let your business fall victim. 🛡️ Dive deeper in the full episode featuring Ryan Whybrow, Steven Maybury, and Richard Hodson from Onda. 🎥 Watch the full episode: https://buff.ly/4fOLYMW 🔗 Explore more: https://buff.ly/3yzODZR 🌐 Stay covered, stay secure, and always stay informed! 💡 #CyberAttack #CyberCosts #InsuranceMatters #BusinessSecurity #CyberInsurance #Konsileo #DigitalProtection