2026-10-08 · Source: Insurance Journal
Summary in 3 Points • CFC has enhanced its Cyber Proactive Response policy to cover personal crime and extortion for senior executives. • Cowbell introduced Risk Advisor, an AI agent that helps SMEs reduce their cyber risk through tailored recommendations. • CFC extended the indemnity period for business interruption losses from 12 to 18 months, reflecting ongoing risks post-attack. --- CFC has expanded its Cyber Proactive Response (CPR) policy to include coverage for personal crime and extortion specifically for senior executives, addressing unique risks they face during cyber incidents. The enhancements also cover temporary relocation costs and trauma counselling, recognising the personal impact of cyber threats. Additionally, CFC has increased the indemnity period for business interruption losses from 12 to 18 months, acknowledging that disruptions can persist long after systems are restored. Meanwhile, Cowbell has launched Risk Advisor, an AI-driven tool designed for small and medium-sized enterprises (SMEs) to help them mitigate cyber risks. This tool operates within Cowbell's OMNI platform, providing tailored recommendations based on real-time threat intelligence and risk assessments. By prioritising actions based on urgency and potential risk reduction, Cowbell aims to enhance the cyber resilience of its policyholders, particularly as AI becomes more integrated into business operations. CFC's enhancements to its CPR policy reflect the growing need for tailored cyber coverage in the executive space, impacting the broader market for cyber insurance.
CFC's enhancements to its CPR policy reflect the growing need for tailored cyber coverage in the executive space, impacting the broader market for cyber insurance.