Cyber insurance growth has declined as the industry struck $2 billion last year

Cyber insurnce growth - binary - cyber - tech

Fitch Ratings data showed that the market’s growth fell from 37 percent in 2017 to 8 percent in 2018. Cyber insurance growth has continued to rise at a healthy rate, but according to Fitch Ratings, it is not growing at a rate anywhere near what it was in 2017. In 2018, the insurance industry’s total direct written premiums for cyber coverage grew by 8 percent. According to Fitch Ratings, the total direct written premiums saw a cyber insurance growth rate was 37 percent in 2017. However, despite the fact that…

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Verifacto Welcomes Leland Brewer as Director of Business Development

Norcross, GA, May 17, 2019 –(PR.com)– Verifacto, a leader in providing cloud-based software that enables auto dealers and lenders to effectively track their customers’ auto insurance status, is pleased to announce the hiring of Leland Brewer as Director of Business Development. Brewer will help to drive the sales, marketing, partnership alliances and growth strategies of the company. “We are thrilled to have Leland join the Verifacto team,” said Hezi Moore, President and CEO of Verifacto, Inc. “Leland is passionate about the auto finance industry and has a rich history of…

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CNA Hardy Announces a New Pre-Breach Service Provided by GamaSec

New York, NY, May 17, 2019 –(PR.com)– CNA Hardy, a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets, is pleased to announce significant enhancements to its Cyber proposition with a new pre-breach service and vital additional coverages. David Legassick, Head of Cyber, Tech & Life Science said: “Our latest cyber proposition reflects the changing risk environment. Technology adoption creates new exposures, and cyber criminals are becoming more sophisticated. "In response, our Policy has been updated and now includes Impersonation Fraud/Social Engineering, which is one of…

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