The first four months of the year have been flooded the cyber insurance market with a wave of news - some great, some not so good. Here is Cowbell’s summary of noteworthy activities that...
Cyber Insurance Highlights: 2021 to date
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Market Trends
Unique Coverage for Construction: Missed Bid Endorsement
Cybercrime continues to rise in 2021 as businesses digitize their operations. The construction industry is no exception; its increased dependency on software applications and online services to...
Ransomware – what you need to know
2020 has seen a surge of ransomware attacks that lead to devastating damages: business interruption and loss of revenue, reputational damage and even data breach as cybercriminals threaten to...
3 Cyber Insurance Trends for 2021
2021 has just started, and the past year has drastically changed the way we look at cyber insurance. People are becoming aware that cyber insurance is not just necessary for fortune 500 companies -...
Unique to Manufacturing: Contractual Damages Endorsement
The rise of cyberattacks in the manufacturing industry in 2020 is astounding and deeply concerning for small and mid-size businesses in this market. According to CrowdStrike, manufacturing companies...
Cyber insurance: the long tail of post-incident recovery activities and expenses
While it’s extremely important to make sure that a cyber insurance policy has sufficient coverage for business interruption (as well as contingent business interruption if the business warrants it),...
Cyber insurance – H1, 2020 market highlights
The crisis emerging from COVID-19 has been and will continue to be the dominating news and rightfully so. I still wanted to highlight key news and data that surfaced prior and during the crisis and...
New Imperatives for the Insurance Industry
A few weeks ago, Cowbell’s CEO, Jack Kudale wrote about the new O2O (offline to online) imperative for insurance and how agencies could leverage cyber to jumpstart their shift towards an...
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