This episode is about cybersecurity insurance. We’ll discuss what it means to have it, what it means to need it, and whether it is even a real thing. Don’t worry, we’re not going to spend the episode selling insurance to you. But we feel it’s important to do a show about it, because the truth …
Cyber insurance is getting a lot of press lately. Not all of which is favorable. Many in the information security business continue to view cyber insurance as a sham, suggesting premium costs are better put toward more robust security products and services. In support of this position, we put together this list of reasons NOT …
Unlike traditional business risks such as fire and workers’ compensation, the cyber risk landscape continues to evolve. As with any relationship, agents must first establish trust and address risks honestly, educate and provide practical and usable recommendations to insured’s to minimize risk. To do so, agents must expand information security knowledge. Those who don’t, risk …
Tech-based cyber risk solutions combined with insurance coverage improvements help agents improve close ratios. Almost six in 10 small and medium-size enterprises (SMEs) do not purchase any type of cyber insurance. Only 33% purchase stand-alone coverage. Less than 15% of SMEs are trust currently used cyber defenses to detect and respond to cyber-attacks with two-thirds …
Hack Yourself First: Trends in Cyber Insurance for Small to Medium Enterprise. Read More »
Having a hard time garnering interest in cyber insurance with your insureds? One thing to point out is that relative to other lines of business insurance, cyber insurance is inexpensive and easy to customize specifically to risks facing your insureds. Other pitch points include: Data is one of your most important assets yet it is …
Has the time come? Cyber insurance is distributed by business insurance agents specializing in traditional commercial products such as property, general liability, workers’ compensation and employee benefits. Despite diminishing premiums and dramatically improved coverage forms, cyber insurance take-up rates remain very low for SMB’s (small to mid-sized buyers under $250M annual revenue). Can infosec channels …
InfoSec Distribution of Cyber Insurance: Has the time come? Read More »
Tech-based cyber risk solutions combined with insurance coverage improvements help agents improve close ratios. Almost six in 10 small and medium-size enterprises (SMEs) do not purchase any type of cyber…
Having a hard time garnering interest in cyber insurance with your insureds? One thing to point out is that relative to other lines of business insurance, cyber insurance is inexpensive…
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Tech-based cyber risk solutions combined with insurance coverage improvements help agents improve close ratios. Almost six in 10 small and medium-size enterprises (SMEs) do not purchase any type of cyber insurance. Only 33% purchase stand-alone coverage. Less than 15% of SMEs are trust currently used cyber defenses to detect and respond to cyber-attacks with two-thirds …
Hack Yourself First: Trends in Cyber Insurance for Small to Medium Enterprise Read More »