HDI Global SE’s Post

For societies, industries and companies, large scale cyber attacks are a fundamental systemic risk. Our very own Meike has shared her thoughts with the Intelligent Insurer and will discuss with colleagues at the upcoming panel. Have a look if you are interested in Cyber risks.

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

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

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

#CyberInsurance is 🔑 to mitigating associated risks — but it can be burdensome. To provide a solution, we’ve partnered with cyber insurers to enhance organizations’ visibility into risks, expedite the underwriting process, and improve policy terms ⬇️

How Cyber Insurance is Reducing RiskIn this Studio 471, Sezaneh Seymour, a vice president and head of regulatory risk and policy at Coalition, discusses how this approach is helping to reduce risk and incidents. Article Link: https://lnkd.in/d6frQ5yy 1 post - 1 participant Read full topic How, Cyber, Insurance, Reducing, Risk

Have you downloaded the latest Cyber Claims Study from NetDiligence? Gain critical insights from over 9,000 real cyber insurance claims to reveal how threats are evolving and what's at stake for cyber insurers and their policyholders. Download the full report today: https://hubs.la/Q02HhRpB0

As we know, the rapidly changing landscape of IT is ever-evolving and will always present a myriad of challenges and opportunities. One significant change that is poised to shape the future is the transformation of cyber insurance. In a Technology First blog post, Seth Marsh of TMG shares the changing dynamics of cyber insurance in 2024 and how the effects of these changes will impact organizations of all sizes. Read his analysis here: https://lnkd.in/gG-6BFMi #WednesdayWisdom #UniteDaytonTech #connectstrengthenchampion

Missed our last webinar? No worries! We’ve got you covered with the full recording of 'Mind The Gaps: Key Security Needs for Cyber Insurance'. Dive in as Neal Jardine, our Global Risk Intelligence and Claims Director, demystifies the complexities of cyber insurance. Understand the evolving industry standards and the critical criteria businesses need to meet for cyber insurance approval. Plus, don't miss the enlightening Fireside Chat with Stephanie Banning, our Head of North American Cyber & Technology Underwriting, who answered pressing underwriting questions. https://hubs.la/Q02ll64R0

From the article- “With ransomware again the number one cause of loss, we will be watching closely to see whether cyber policyholders, especially SMEs, deploy sufficient cybersecurity safeguards to reduce their ransomware exposure and qualify for ransomware coverage. If you are NOT havng this conversation with your IT team, you have the wrong IT Team. Message me for mor details as to how to better protect your company from CYBER Theft.