What is an Insurance Binder?
An insurance binder is a temporary insurance policy that covers the insured while they wait for the issuance of their formal policy.
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What is Cyber Insurance? The Ultimate Guide
A cyber insurance policy, also known as “cyber liability” coverage, is an insurance product that provides protection against damages incurred as a result of a data breach or other cyber attack pertaining to sensitive data stored online.
The Ultimate Guide to Cyber Compliance: GRC, IRM & ERM
The three approaches to cyber security risk management are Governance, Risk Management and Compliance (GRC), Integrated Risk Management (IRM) and Enterprise Risk Management (ERM).
How to Lower Your Cyber Insurance Premium
Hiscox, one of London’s leading cyber insurance providers, released their 2022 Cyber Readiness Report with key details regarding the state of premiums in the cyber insurance industry.
The Cyber Security Industry is Changing
Coming off the heels of the pandemic, the cyber insurance market has become increasingly aware of the risks associated with underdeveloped cyber security strategies. A report published by S&P found that cyber insurance premiums amounted to more than $9 billion in 2021, a figure which is expected to
How ESG Initiatives are Transforming the Insurance Industry
The umbrella of environmental, social, and governance (ESG) issues extends to cover sustainability, diversity, and industry or company-specific topics.
Cyber Insurance is Tough for Local Governments
Ransomware attacks are on the rise in the United States and local counties are scrambling to keep their cyber systems insured. For those who lack cyber protection, the price can be both costly and time-consuming.