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Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo

Insurance Journal

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …

Cyber 162
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Cyber Insurance Market Size Expected to Soar: Munich Re

Insurance Journal

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 In “Cyber … billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023.

Cyber 290
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Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube

Insurance Journal

Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …

Cyber 271
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Vienna Insurance Group Launches Specialist Cyber Security Company

Insurance Journal

Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce cyber risks and to prevent and …

Cyber 263
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Cyber Insurance Market to Expand as Risks Evolve: Gallagher

Insurance Journal

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance

Cyber 264
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Markets/Coverages: Coalition Introduces Active Cyber Insurance in Germany

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced the launch of its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. Coalition’s offerings became available on Aug. Cyberattacks and IT system …

Cyber 264
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Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Insurance Journal

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

Cyber 147