Cybercrime Is Changing the Way We Think about P&C Insurance

| February 16, 2018

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Cybercrime rates have exploded over just the past few years. And with them, demand for cyber liability insurance has gone up as well. Less than a decade ago, cyber insurance was a tiny, specialized slice of the industry. Today, more than 130 property/casualty insurers write cyber policies. Since the industry is so new, insurers don’t have a history of credible actuarial data to estimate risk. On top of that, cybercrime itself is changing rapidly. Hackers can do more than just steal data. There are “cyber-physical” attacks, where computer systems can be seized to cause physical damage, like a fire or a flood. The risks are changing too fast for insurers to keep up.

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CoverWallet

Launched in early 2016, CoverWallet combines deep analytics, thoughtful design and state of the art technology to help small businesses with all their insurance needs. CoverWallet delivers a seamless user experience while offering savings, customized coverage and best-in-class service to their customers. In a matter of minutes, any business can get peace of mind, buying and managing their insurance, all through CoverWallet’s online platform.

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Article | February 14, 2020

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Article | February 14, 2020

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Spotlight

CoverWallet

Launched in early 2016, CoverWallet combines deep analytics, thoughtful design and state of the art technology to help small businesses with all their insurance needs. CoverWallet delivers a seamless user experience while offering savings, customized coverage and best-in-class service to their customers. In a matter of minutes, any business can get peace of mind, buying and managing their insurance, all through CoverWallet’s online platform.

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