The current reality is that costs of suffering cyberattacks continue to climb while the ability to insure against a possible cyber disaster diminishes. The cyber insurance gap is widening, with many businesses either uninsured or underinsured against a rising tide of cyber threats. A typical data breach could cost the average organization $2.4 million for…
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Be it the Ever Given episode in the Suez Canal or the 100+ ships waiting off LA/Long Beach or fears that the supply chain crisis would perturb Christmas, shipping has seldom been so much in the public eye. Maritime tech has seen unprecedented activity over the past year, with a surge in deals. Start-ups received…
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Insurance business models are beset with high operating costs, opaqueness and information asymmetry. With the advent of Web3, smart contracts, and decentralized autonomous organizations (DAOs), newer ways of transferring risk are coming to market. The use of blockchain technology within insurance is proving to reduce costs and improve end-user experience. This final part, a continuation…
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