Not exact matches
On the digital
insurance side, Swiss Re has partnered with US -
based Coalition, an MGA startup that provides up to $ 10M in
cyber liability coverage, as well as App in the Air (which teamed up with Swiss Re and Chubb on a real - time flight delay
insurance) and Cuvva (which partnered with Swiss Re to offer pay - as - you - go car
insurance to drivers in the UK.
Small businesses are often the target of hackers and a home -
based business
insurance policy can be customized to include
cyber coverage that will help offset the costs associated with a network or privacy breach.
For example, cloud computing
insurance can help you deal with the consequences of outages and
cyber crimes, from hiring extra personnel to get the system back up to hiring a PR firm to manage your professional image in your virtual community and customer
base.
«There are modified
cyber crime
insurance policies that cover theft or loss of cryptocurrency that are custodied by a given entity, like an exchange,» said Marshall Swatt, founder of the New York bitcoin exchange Coinsetter, which got acquired by the San Francisco -
based exchange Kraken in 2016.
The Seoul -
based cryptocurrency exchange Youbit has seen its
insurance claim denied by a South Korean
insurance company following a high - profile
cyber attack in...