Travelers Europe’s Post

📢 BIG NEWS FOR OUR BROKER PARTNERS: The Resilience Cyber Risk Solution is now available for large enterprises with revenues up to $10 billion! "Since we started writing business, we’ve been named a Lloyd’s coverholder, launched a captive, expanded internationally, and our innovative cyber risk solution has led to an industry leading loss ratio,” said Mario P Vitale, President, Resilience. “This increase in underwriting authority is a reflection of our approach to cyber, distinct from how the legacy market approaches this unique class of risk.” Read more about this announcement and our coverage appetite or feel free to reach out to us directly: https://lnkd.in/eY_HuiTJ #CyberResilience #CyberInsurance #CyberRisk

🎯 cysmo® Mission: '𝐙𝐞𝐫𝐨 𝐅𝐚𝐥𝐬𝐞 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞𝐬'. At cysmo, our top m̳a̳x̳i̳m̳e̳ is more than just a slogan – it is the essence of our daily work and what sets us apart. Our automated real-time cyber risk assessments aim not only to meet but exceed the expectations of the financial sector. 🚀 ❓𝐁𝐮𝐭 𝐡𝐞𝐫𝐞'𝐬 𝐚 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐲𝐨𝐮: Why is cysmo called cysmo? Who knows the answer? 𝑺𝒉𝒂𝒓𝒆 𝒚𝒐𝒖𝒓 𝒕𝒉𝒐𝒖𝒈𝒉𝒕𝒔 𝒂𝒏𝒅 𝒈𝒖𝒆𝒔𝒔𝒆𝒔 𝒃𝒆𝒍𝒐𝒘! ⤵️ #ZeroFalsePositives #cysmoMission #Cyberrisk #Rating

"Cyber risk must be articulated as a business risk rather than just a challenge for the Tech team" Wise words from Landsec's Andy Broad, in this episode of the British Property Federation cyber series. Thank you to Andy and Amy Hammond CISSP, FBCS, MSc InfoSec, MBA for sharing their insight. #cyberrisk #realestate #riskmanagement

☕ It's another #coffeetalk, this time with Chris "Pip" Carlson, Senior Solutions Engineer with Arctic Wolf. Pip works closely with Btech - IT Security for Credit Unions to help #creditunions reduce their cyber risk. In this coffee talk, Lee and Pip discuss the importance of vulnerability assessments and remediation, and how Arctic Wolf's Managed Risk service is able to elevate the vulnerability process for credit unions. There's a good chance that your #creditunion could improve it's vulnerability assessment process. Many of the latest news headlines about attacks against credit unions outline the importance of staying ahead of the bad actors. We know what they do - they exploit known vulnerabilities that have not been corrected. Btech - IT Security for Credit Unions has a long partnership with Arctic Wolf, together working hard to provide critical cybersecurity services for credit unions. #ncua #cybersecurity #compliance #arcticwolf #manageddetectionandresponse #mdr #managedrisk #creditunions #security

New research from Howden concludes that data indicates the insurance industry could, and should, bear more cyber risk that it currently takes on. The report says a more “nuanced” approach to cyber exposure management, which doesn’t place too much emphasis on catastrophic loss, is needed to help the industry deliver more solutions for clients and better serve their needs. More 👉https://ow.ly/G9NQ50RAr6P #RiskSpecialty #RiskManagement #DataAnalysis Howden Re Howden

Cyber threats are a growing concern for businesses of all sizes. As a reinsurance broker, we understand the unique challenges cedants face in this evolving landscape. Here's how Classic Reinsurance Brokers can help: - Protect Your Cedants: We secure excess of loss placements with a deep understanding of cyber risks. (Think of us as your cyber risk shield!) - Pre-Loss Analysis & Strategies: We identify potential vulnerabilities and craft risk transfer solutions to mitigate financial impact. - Streamlined Claims Management: In the event of a cyberattack, we ensure smooth claims handling for a faster recovery. Don't let cyber risks reinsure disaster! Contact us today to discuss how we can strengthen your reinsurance program against cyber threats. www.classicre.co.zw || info@classicre.co.zw #Cybersecurity #reinsurance #riskmanagement

Fire drills and safety belts—these safety measures are ingrained in our lives. Now, due to our reliance on interconnected technology, we need to consider how to make cybersecurity more of a safety habit. #Cybersecurity #SafetyFirst #SafetyPrecautions 🔒🛡️🖥️

Some great tips from Lee Bird and Chris "Pip" Carlson about the importance of vulnerability scanning!

Safeguard your balance sheet - What is Risk Transfer? Risk Transfer is a fundamental element of the Cyber Loop, Aon’s model for sustained cyber resilience. Production loss, sales loss, supply chain disruption, and third-party claims from customers or suppliers are just some financial impacts of a significant cyber event. Transfer helps organizations mitigate the effects of cyber events by providing bespoke risk transfer solutions — protecting the balance sheet and alleviating the issues arising from income loss. Despite the best efforts to manage and mitigate cyber risk, residual risk always remains. The question is, how much of it is your organization willing to bear? when do you need to transfer? #Aon #RiskTransfer #CyberInsurance #CyberRisks #CyberLoop #CyberSolutions

With NatCat jumping from 6th to 3rd position on the 13th annual Allianz Risk Barometer, businesses must stay more vigilant when it comes to storms. I had a fantastic panel discussion alongside Ed Lee Thomas Varney and John D. Gambale, M.B.A. about how Cyber, Business Interruption and Natural Catastrophe are the top three risks businesses face in 2024 in North America. Watch the full video as we share insights on potential risk mitigation strategies.