The Leading Source for Cybersecurity Insurance News, Insights and Data
So says a new Forrester report. “While Forrester data showed that most enterprises had some kind of cyber insurance coverage, only 26% had a standalone policy.” Read more here. This…
Read More “Only a Quarter of Enterprises With Cyber Coverage Have Standalone Policies?” »
Insurance News reports the recent slow-down in cyber insurance rate increases may soon be over. “’All of the markets are telling us that pricing is going to go up, but…
Read More “Cyber Insurance Premiums Will Resume Faster Growth Next Year: Newfront” »
The large European broker reports cyber insurance pricing is down some 9% so far this year, but ransomware incidents are up almost 50% YoY. So why the discrepancy? We think…
Read More “Cyber Insurance Rates Down This Year While Ransomware Attacks Increase: Howden” »
The report estimates 2022 GDPW (gross direct premiums written) for cyber insurance was almost $13.5 billion and closer to $14 billion when captive insurers are included. According to the report…
Chubb calls itself the “world’s largest publicly traded property and casualty insurance company” and it’s now making a significant move involving stand-alone cyber insurance. “Chubb has launched Cyber Central, an…
We all knew the general trend reported by AM Best. Headline: “The U.S. cyber insurance market continued strong growth in 2022, with direct premium increasing by 50% to $7.2 billion…
“’You all heard the horror stories in ’22 about 150% increases in premium,’ said Bryan Hurd, Seattle-based vice president of Aon cyber solutions…’Now, the market has actually softened,’ he said,…
Read More “Time for Gov Agencies to Lock in Lower Cyber Insurance Costs: AON ” »
At-Bay reports the policy pricing cycle turns much faster for cyber coverage than many other kinds of risk. “Based on our data and exemplified in the chart above, there is…
Read More “Watch Out: The “Hard Cyber Insurance Market” Is Coming Back, Says At-Bay” »
“David Molony, Head of Aon’s Cyber Solutions for EMEA, acknowledges the significant shift in market dynamics, stating, ‘Where businesses were constrained by availability in 2021 and into 2022, it is…
Read More “Cyber Insurance Becoming Buyer-Friendly: Aon. Really & Will It Last? ” »
Fitch Ratings predicts 2023 will be another strong year for the industry. Though premium-rate increases continue to decelerate, demand remains high, building on trends over recent years. “Fitch estimates industry…
Read More “Cyber Insurance is Our Business & Business is Good” »