article thumbnail

News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. ConvergeConnect™ offers primary cyber coverage through prequalified technology provider partnerships for companies with up to $750 million in revenue.

article thumbnail

The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating AI Regulations in the Insurance Sector: A Comprehensive Guide

Centraleyes

Every few decades, the world experiences a technological disruption that changes our lives. The insurance industry is no exception. The insurance industry is built on handling our own and everyone else’s risks. A good use case of this model would be the underwriting industry using a ChatGPT-like bot to process insurance claims.

article thumbnail

Mosaic Insurance and DXC Technology Launch Innovative Technology Platform for Specialty Insurance

CyberSecurity Insiders

.–( BUSINESS WIRE )– Mosaic Insurance and DXC Technology (NYSE: DXC) today announced the successful launch of an innovative new insurance technology platform that increases the speed at which specialty insurance is sold, underwritten and serviced.

article thumbnail

Cybersecurity Insurance is Missing the Risk

Security Boulevard

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

article thumbnail

Robins Insurance Takes a Proactive Approach to Cybersecurity with ADX Technology

Security Boulevard

Protecting sensitive data and taking a proactive approach to cybersecurity has always been a focus for Robins Insurance which is why BlackFog's ADX Technology was a perfect fit. The post Robins Insurance Takes a Proactive Approach to Cybersecurity with ADX Technology appeared first on Security Boulevard.