Cyber insurance underwriting tightens; bifurcation deepens on AI/war exclusions/public-private
Key Questions
What is the Marsh Cyber ECHO facility?
Marsh Risk has raised the capacity of its Cyber ECHO global excess cyber risk facility to $200M amid tightening cyber insurance underwriting. This boost addresses growing demand in a market facing elevated risks.
Why is cyber insurance underwriting tightening?
Underwriting is tightening due to elevated risks post-Iran ceasefire, particularly in shipping third-party risk management (TPRM). Marsh CEO flags persistent threats despite the ceasefire.
What AI exclusions are emerging in cyber insurance?
ISO plans AI exclusions starting January 2026, while AXA offers affirmative AI coverage. Insurers and brokers are adjusting policy wordings for rapidly evolving AI risks.
How are war risks addressed in cyber insurance?
Conning provides war TRIP backstop, and discussions push toward public-private solutions due to state-sponsored cyber threats. Swiss Re and MSIG respond post-JLR and CrowdStrike incidents.
What new cyber insurance options are available for SMEs?
mShift has added BOXX Insurance products to its marketplace for brokers, targeting small and medium enterprises. This expands access to cyber coverage.
What is the projected scale of cybercrime costs?
The World Economic Forum highlights $23T in potential cybercrime costs, underscoring the need for robust insurance and risk management.
Why was HaystackID recognized?
HaystackID is a finalist for Intelligent Insurer's Cyber Insurance Awards USA 2026 in two categories, reflecting its role in M&A cyber due diligence with S-RM at 76% prevalence.
How can businesses reduce cyber risks?
Businesses should implement strong TPRM, especially in shipping and supply chains, and stay updated on AI and war exclusions. Tools like insurability assessments beyond security tools are key.
Marsh Cyber ECHO boosts to $200M capacity amid tightening; CEO flags elevated post-Iran ceasefire risks/shipping TPRM. ISO AI excl Jan2026/AXA affirmative; Conning war TRIP backstop; Swiss Re/MSIG post-JLR/CrowdStrike; HaystackID/S-RM 76% M&A; mShift/BOXX SME/WEF $23T.