Guidewire Software’s Post

Thank you, Technology First , Always happy to share information that we run into... this topic, Cyber Insurance, is foremost in the mind of all organizations... terms, conditions, coverage...all these changes... Just like the changing landscape of technology, the insurance industry is struggling to keep up with the evolving landscape... to the point where for some it will be out of reach...just a sneak peek at what is below!

As we know, the rapidly changing landscape of IT is ever-evolving and will always present a myriad of challenges and opportunities. One significant change that is poised to shape the future is the transformation of cyber insurance. In a Technology First blog post, Seth Marsh of TMG shares the changing dynamics of cyber insurance in 2024 and how the effects of these changes will impact organizations of all sizes. Read his analysis here: https://lnkd.in/gG-6BFMi #WednesdayWisdom #UniteDaytonTech #connectstrengthenchampion

Melanie Padron, AIS, AINS Padron from IT ArchiTeks, LLC. talks about how achieving a high level of security maturity within a business while maintaining a medium to low level of operational maturity is challenging. Watch the full show about Cyber Insurance, Small Businesses, and MSPs in 2024 here:  https://lnkd.in/gRjfZd4D

Up next in Chicago at Underwriting Innovation USA, our US Cyber Practice Leader, Michael Phillips, will be delivering his keynote speech. Michael will be discussing ways the cyber insurance market can expand its bounds in this volatile world, focusing on the three big challenges of the day. Find out more about his talk: https://hubs.la/Q028R3Pm0 or send him a message to arrange a meet up! #cyberinsurance

Meike Röllecke, Head of Cyber and Financial Lines at HDI Global SE, highlights the ongoing challenge in accurately identifying systemic cyber scenarios. The reliance on assumptions persists as insurers often lack sufficient client information. While the industry has faced significant cyber challenges, including zero vulnerabilities and ransomware attacks, Röllecke suggests a seismic impact is yet to be witnessed. Read the full interview here: https://lnkd.in/eWMPcPRb #HDIGlobal #WeAreHDI #PartnerInTransformation #CyberInsurance

It was good seeing many friends and colleagues across the cyber risk ecosystem at NetDiligence® in Beverly Hills last month. All of the sessions have now been posted here: https://lnkd.in/emUmdKHp Below are the four involving AXIS (AXIS Capital) teammates and I highly encourage you to given them a listen as all four involve discussions which are important to the future of this market. -Max. State of the Market: Cyber’s Maturity Moment – Lori Bailey our Head of GCT, delivered a thoughtfully and creatively constructed key note for us all to consider our cyber insurance market and the role each of us has in helping it to continue to mature. https://lnkd.in/e_uCiV8d Future of Cyber CAT Bonds – I was honored to moderate what I view to be a critical discussion for the cyber insurance marketplace. The expertise delivered by our panelists was incredible. Please join me in congratulating Joanna Syroka , Jasper Goring and Robert Wice on a job very well done. https://lnkd.in/e4yBUW96 Sector Risk: Aviation – Andrew Maher , AXIS GCT Head of London, joined this panel to provide the audience with insight into a higher hazard industry class for Cyber insurers. Underwriting through Understanding is our moto at AXIS and I think you’ll pick up on that from Andy and his colleagues on panel. https://lnkd.in/ebrGQBpA Venture Capital's Perspective: The Early-Stage Cyber Insurance Landscape – Felipe Jaramillo , Director of AXIS Digital Ventures, moderated a panel focused on the important conversation related to the funding decisions and strategic alignment from venture capital world given to early stage companies who aim to improve Cyber Risk. https://lnkd.in/eatjvKwn

For societies, industries and companies, large scale cyber attacks are a fundamental systemic risk. Our very own Meike has shared her thoughts with the Intelligent Insurer and will discuss with colleagues at the upcoming panel. Have a look if you are interested in Cyber risks.

There isn’t a more dynamic or fast-paced part of the insurance industry than cyber. While that gives providers a chance to innovate, it also means the bar is continually moving.  This year’s winners of Insurance Business America’s 5-Star Cyber 2024 stood out for empowering brokers with tools to understand the risk better and showcase their expertise and stability to clients. Read the full report and meet the firms at the leading edge diligently protecting clients in a rapidly changing landscape. https://hubs.la/Q02ymN8Z0

Exciting news for Cyber MGAs! 🎉 Resilience has doubled its cyber insurance limits to $20 million through an enhanced partnership with Lloyd's. This significant increase in capacity will empower Cyber MGAs to offer more robust protection to their clients, ensuring better coverage against growing cyber threats. 🌐🔒 #CyberInsurance #MGA #Lloyds #CyberSecurity #InsurTech #BusinessGrowth

"Shield your digital realm with Cyber Insurance. In an era where data breaches are battles, arm your business with the ultimate defense. 💼 Contact us today: info@lamdabroking.com | (+972) 77-444-7055" #CyberInsurance #DataSecurity #businessprotection