Market Insights

A recent AWS outage disrupted more than 100 services, highlighting the widespread reliance on cloud providers and the potential for systemic business interruption losses. As carriers reassess wording and exposure, insureds are encouraged to review their cyber policies and work closely with brokers to ensure coverage clarity.

Asking vendors and third parties to carry a cyber liability policy can help provide coverage for losses related but not limited to data breaches, ransomware attacks, phishing, social engineering, dependent business interruption, etc. Learn why a vendor’s traditional “off the shelf” cyber liability policy may not address any downstream risk or potential loss for your client.

As healthcare organizations have become increasingly digital, a layered insurance strategy is critical to protecting both operational integrity and organizational leadership. Here’s why.

The PowerSchool data breach exposed the personal data of millions of students and teachers. Learn more about how vital vendor management and timely reporting are handled in cases like this.

On December 28, 2024, PowerSchool’s PowerSource customer support portal was accessed using compromised credentials, exposing the personal information of millions of students and teachers. Here's what you need to know if your clients were affected.

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

In today’s digital world, the prevalence of social engineering attacks continues to be a risk across industries. From title agents handling multi-million-dollar wire transfers to a small contractor virtually without a network, no sector is immune from the sophisticated tactics of cybercriminals. As these bad actors continually appear to be ten steps ahead of standard controls, traditional insurance policies struggle to keep pace with the evolving threats.

In an age where cyber disruptions are more commonplace, it is becoming readily apparent how critical contingent business interruption and standard BI coverages are for safeguarding against the cascading effects of cyber outages. Effective BI policies and risk mitigation strategies could significantly reduce the financial impact of such disruptions, which have already resulted in billions in losses.

The cyber insurance market has seen a significant shift since early 2023, softening considerably and presenting more favorable conditions for buyers. Renewals are often coming in at level or below expiring pricing, despite increasing claims activity. This shift is driven by improved capacity from both new market entrants and existing carriers expanding their offerings, including limits up to $10 million.

Businesses across the globe were affected by CrowdStrike's content update, experiencing costly business interruptions and system failures. This article outlines the response we’re seeing from the market so far and what we anticipate, guidance on claims reporting, coverage implications, and more.

Underwriting for healthcare accounts leveraging AI is determined by what method of AI is being used and how the information gathered through AI is being processed. In this article, we explore what insureds taking advantage of the benefits of AI should consider.

Managing social engineering risk involves a layered strategy of system controls, employee training and insurance coverage. Amwins can help.

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

​It's Cyber Security Awareness Month. Rather than reminders about strong passwords and phishing, we focus on what's going on in the market and how to help your clients make the most of it. We spotlight the MOVEit data breach and meta pixel tracking class action lawsuits, as well as the SEC's final cybersecurity disclosure rules that went into effect last month.

The SEC has released new cybersecurity disclosure regulations for public companies. In this article we talk about the impacts of the new rules and the expectation that something similar is forthcoming for registered investment advisors. New rules for this group will have a much larger impact on the financial industry as a whole and clients should be prepared. ​

With so many questions about Meta Pixel liability unanswered, insureds need to be prepared. ​In this article we look closely at the impact online tracking technology has had on the healthcare industry and how you can help your clients mitigate their risk.

Public entities without top tier cyber safeguards are finding they are woefully unprepared to seek coverage in the current marketplace. The message is clear: clean up security controls and spend money on safeguards, or cyber insurance may not be available.

​Every industry has exposure to cyber risks, including transportation and logistics. While these industries worked from paper and wheels for many years, now there are both internal and external networks that are critical to operating in this industry group. This article discusses the unique cyber risks facing the transportation and logistics sector, coverages to address these threats, and proactive cyber risk management tools.

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

​In today’s world, risk transfer alone isn’t enough to protect a business from the implications of a cyberattack. This article outlines common exposures companies face and provides a checklist of privacy and compliance requirements and training, cyber insurance coverages, and risk mitigation resources.​

Cybersecurity attacks are increasing among the healthcare industry and it’s essential to understand the dangers that arise from it.

Things move quickly in the cyber insurance market, and it can be challenging to stay up to date on the latest trends and issues impacting capacity, pricing and terms. For insights on the current state of the cyber market and the future outlook, watch our webinar on demand “The Future of Cyber Insurance: Where is the Market Going in these Uncertain Times?”

Because community associations are often ill-prepared to protect themselves from cyber attack, they are particularly vulnerable to the top issues threatening cyber security today. In this article, we use real-world examples of cyber attacks on board members to illustrate the importance of cyber insurance.

The growing prevalence of ransomware has changed the landscape of the cyber insurance marketplace dramatically. This article explores the state of the cyber insurance market and how public entities can access the limited coverage available by improving their cyber security and adding safeguards.

The global telemedicine market is projected to reach $52.3 billion by 2022, with predicted growth in behavioral health and substance abuse, outpatient virtual visits and critical care. While telemedicine has many advantages for patients, such as increased access to care and reduced costs, there are also new exposures for healthcare practitioners. This article address those risks and discusses insurance coverage considerations for them.

The energy sector’s technological shift to remote control and network access as well as society’s focus on environmental consciousness has exponentially increased oil and gas company’s exposure to cyber-attacks. This article highlights the top three cyber trends affecting the energy sector, helping identify current risks and market conditions so you can determine the best coverage solution for your client.

Cyber events don’t always just result in financial loss but can also cause first or third-party bodily injury or physical damage. In response, many insurers have adopted various exclusions, sub-limits and changes to non-cyber insurance policies. This issue of non-affirmative coverage for cyber events is known as silent cyber. Through various claim scenarios across coverage lines and industries, this article explores the wide range of insureds that are at risk of a silent cyber incident.