Why Insurance Companies Struggle to Effectively Cover Cybersecurity Risks

In today’s digital age, cyber threats have become a significant concern for individuals, businesses, and governments. From data breaches and ransomware attacks to sophisticated phishing schemes, cybersecurity threats are evolving at a breakneck pace. As these risks increase, so does the demand for insurance policies to cover potential damages. However, many insurance companies find it […]

Quick Reference SeCAP Market Position and Benefits

SeCAP–Sponsored captive insurance focusing on cyber liability and general liability coverage. Applicable to all industries. Free cyber risk discovery covering 98% of client attack surface. Loss of premiums are mitigated through re-insure. Customized policy coverage for every client. Client retains all revenue, and tax benefits under 831(a) and 831(b) schedules. SeCAP offers client access to […]

White Paper (Sponsored Captive Structure)

This white paper explores the concept of applying a Sponsored Captive Insurance model to address the complexities of insuring cyber security risk. Traditional insurance models are failing cyber security insurance policy holders with the bottom- line result being extremely high premium costs and restricted policy coverage due to not having sufficient cyber security technical expertisehigh […]

How Captive Insurance Empowers Banks During Turbulent Times

Following the Silicon Valley Bank collapse, small bank deposits were down a record $119 billion in March according to CNBC. While as of May, there are signs that this is stabilizing, it has still spread fear which has deeply impacted small and mid-sized banks. This combined with increased cyber-related threats, an uncertain economy, evolving compliance […]