The Source for Cyber Insurance News, Insights and Data
With total premiums of $1.53 billion this year, the UK cyber insurance market will reach almost $3 billion by 2030, according to a May 2025 Markets and Research report. CAGR of 13.4% in Market The report attributes the growth of the British cybersecurity insurance market to increasing regulations and growing awareness of cyber threats among … Read more
Strategic Collaboration to Strengthen Cyber Risk Assessment Samsung Fire & Marine Insurance (SFMI) has entered into a strategic partnership with Cyberwrite to bolster its cyber insurance offerings. This collaboration aims to enhance SFMI’s ability to evaluate the likelihood and financial impact of cyber threats across its insurance portfolio. Cyberwrite was selected following a global evaluation … Read more
British retailer M&S (Marks and Spencer) is expected to make a cyber insurance claim of around £100 million (app. $133 million) following a hack that forced the company to stop taking onine orders and also exposed customer data, the Financial Times (FT) and other media sources report (paywall may apply.) Allianz & Beazley on Hook … Read more
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0 million pre-tax gain” from a cyber insurance settlement, the company (NYSE:SAH) noted in an April 24th press release. Sonic had recognized another, related $10 million … Read more
Launch of the Active Cyber Policy Coalition has introduced a redesigned cyber insurance policy. The Active Cyber Policy protects against modern digital threats like Funds Transfer Fraud, AI Deepfakes, and AI-caused system errors. This version updates its surplus lines coverage in the U.S. with clearer language and broader cyber insurance protections in an evolving digital … Read more