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Zala Insurtech News: Cyber insurtech firm BOXX Insurance has partnered with AXA to unveil a pioneering cyber risk mitigation solution tailored for small businesses. The post BOXX Insurance Partners with AXA to Launch Cyber Risk Prevention Solution for Small Businesses appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

Brit Insurance Ltd has launched a groundbreaking initiative in the cyber insurance realm with the launch of Brit Cyber First50, a Lloyd's Consortium with a staggering US$50 million investment. The consortium aims to streamline cyber insurance placement for major institutional clients boasting revenues of $10 billion or more. Jon Sullivan, Group Chief Underwriting Officer, said: “Brit is a longstanding leader in the cyber market, and we have a strong track record of creating innovative products and placement solutions built around client demand." Adam Taylor ACII, Cyber Class underwriter for Brit, said: “Cyber is a constant and evolving threat to large corporates and, as the prevalence of cyber risks grows, so too does the potential detriment it can cause to businesses, requiring large global firms to increasingly seek higher coverage limits." #insurtechinsights #insurance #cyber #lloydsoflondon https://lnkd.in/g7Rq8jcD

Another day, another big announcement! As Resilience continues to scale up in terms of people, geographies, premium and platform sales, we’re super excited to make this bold move to strengthen our position in the cyber insurance market by doubling our limits for US insureds in partnership with Lloyd's! This capability will: 💪 strengthen relationships with our clients, 🤲 provide greater value to our brokers, 🤝 increase engagement on our Edge risk management platform, leading to 🔒 greater protection for both our clients AND the portfolio for our capacity partners (And btw our Edge clients’ loss ratio is 5X lower than our regular clients, and our regular clients’ loss ratio stands at ~20% since our launch in 2020 😎) #cyberresilience #cyberrisk #cyberinsurance

BLUECYBER Seguros, a prominent player in the Insurtech sector specialising in cyber insurance within Brazil, has successfully secured a substantial financial boost, raising US$1.5 million in investment. The funding round, led by venture capitalists Invisto.com.vc and bossa invest, alongside strategic stakeholders from the insurance industry, underscores Bluecyber’s commitment to fortifying digital life protection across Latin America. Bluecyber’s CEO, Eduardo Rocha, highlighted the strategic importance of the funding in unlocking opportunities within the Latin American market. The company’s pioneering approach to insurtech, coupled with its recent acquisition of Ismac.io, positions Bluecyber to enhance risk management and compliance capabilities. “This solution allows Bluecyber to continuously monitor its insured portfolio, detecting and responding to security incidents swiftly and efficiently, minimising the impact of attacks, and delivering more value to the insured, as well as reducing the frequency and severity of claims,” said Daniel Sivieri Arruda, Ismac’s founder, who will take over the management of risk and compliance at Bluecyber. “We are confident that this new phase will be a watershed in the cyber insurance industry, offering innovative and comprehensive solutions,” added Bluecyber’s co-founder Claudio Macedo Pinto. #insurtechinsights #insurancenews #insurtech #cyber https://lnkd.in/ecmYzs22

Zala Insurtech News: Dina Försäkringar, a leading insurance provider, has announced a strategic partnership with Safestate and CyberScout, two prominent names in the cyber insurance industry. The post Dina Försäkringar Partners with Safestate and CyberScout to Strengthen Cyber Insurance Services appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

Zala Insurtech News: Bluecyber.insure, a prominent player in the Insurtech sector specialising in cyber insurance within Brazil, has successfully secured a substantial financial boost, raising US$1.5 million in investment. The post Bluecyber Raises $1.5 Million to Bolster Cyber Insurance in Latin America appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

Zala Insurtech News: Cowbell has announced the extension of its coverage to mid-market businesses. This expansion caters specifically to enterprises with an annual turnover of up to £1 billion. The post Cowbell Broadens Cyber Insurance Reach for UK Mid-Market Enterprises appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

Zala Insurtech News: Coalition, the world's first Active Insurance provider focused on preventing digital risks before they occur, has released its 2024 Cyber Claims Report.  The post Coalition Finds Over Half of Cyber Insurance Claims Originate in Email Inboxes appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

EXCLUSIVE: Vantage Risk enters US primary cyber insurance Learn more👇 https://lnkd.in/gBdRYAHf Vantage Group Holdings has begun underwriting US primary cyber insurance business through its US insurance subsidiaries with capacity of up to $10mn, Cyber Risk Insurer can reveal. #CyberRiskInsurer #cyberrisk #cyber #cybercatastrophe #cybermodeling #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

Navigating Cybersecurity in the Digital Transformation of Insurance: As insurance companies embrace digital innovation, enhancing cybersecurity becomes critical to protecting client data and maintaining trust. #Technology #Legislation #Regulation #RiskManagement