September 24
Cyber coverage gap won’t be fixed with more of the same
In last week’s CyFi™ note, we covered an overlooked issue in cyber: economic losses. What’s the point in taking stock of these events and the actual and potential losses? It’s important to understand the nature of this gap to then focus on creating better solutions to address it. This is a central topic in the forthcoming October edition of our monthly research note, The Intangibles.
September 10
One overlooked issue in cyber: growing economic losses
Two recent business interruption (BI) breaches involving US-listed Microchip Technology and US oil and gas services firm Halliburton are not generating the same headlines as the CrowdStrike-related disruptions or even the large-scale breach involving Change Healthcare. But BI incidents like this are causing economic losses for shareholders, and it’s becoming so common that the press barely picks up on it.
August 09
Similarities between property and cyber markets present an opportunity
At first glance, the property and cyber markets don’t have much in common, with the property’s scale of losses in the last year of $123 million far exceeding those of cyber. But there are some parallels that can help risk officers present a cohesive risk management strategy to the C-suite and board across both risks with the common objectives of more efficient risk financing and avoiding losses.
August 06
Need to look beyond security controls to avoid large costly breaches
Security controls alone, even when well managed, are not enough to protect a company from cyber criminals. Seeing the threat from the cyber attacker’s point of view is key to bolstering risk prevention efforts before the large breach. It’s no different than how we approach sports matches.
July 29
Slowing US cyber insurance market prompts need to further invest in risk prevention
In 2023, direct written premium in the US rose by only 0.1% according to recent numbers reported by AM Best. Intangic explores how a deceleration in the speed of cyber market expansion points to the need for a new approach.
July 22
Companies can better manage supply chain risk when the CRO and CISO work together
Recent supply chain-related breaches highlight need for a more proactive approach to managing the risk
INTELLIGENT INSURER
February 28
New cyber MGA launches with AXA XL backing to target large corporations
A new London-based managing general agent (MGA) has launched with backing from re/insurer AXA XL, offering an innovative cyber insurance cover for large public corporations.
ARTEMIS
February 28
Intangic MGA develops hybrid cyber parametric cover with AXA XL backing
Intangic MGA, a newly launched cyber insurance focused underwriter, has developed a clever hybrid parametric cyber risk transfer product, with capacity backing from AXA XL.
INSURANCE TIMES
February 28
The founder and chief executive of Intangic believes its new cyber insurance policy can ‘ease some of the headache’ for risk managers
Intangic’s chief executive has said using a parametric solution for its cyber insurance product can help “ease headaches” — despite unintentionally introducing it.
REINSURANCE NEWS
February 28
Intangic MGA unveils new early warning tool for predicting cyber breaches
Intangic MGA, a data science-driven London-based Managing General Agent (MGA), has announced the launch of the Intangic CyFi™ Dashboard, an early warning tool to provide companies with data-backed predictions for cyber breaches and offer pre-breach insurance.
INTELLIGENT INSURER
February 28
Data transparency key to unlocking cyber capacity: Intangic CEO
The key challenge in cyber insurance is the lack of data transparency for risk assessment. While artificial intelligence and predictive algorithms are promising, understanding the relevant data for predicting cyber events to prevent losses remains a challenge.
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