The Source for Cyber Insurance News, Insights and Data
Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more
As the cyber insurance industry grows, there are more and more claims, leading to more and more settlements, leading to an increasing number of lawsuits by “subrogees.” These are insurance companies that use the process of “subrogation” to assume their insured’s legal rights to pursue recovery of money paid by the insurance company in a … Read more
The cyber insurance market remains soft, reports broker Gallagher Specialty, and now is the time to purchase coverage before cyber insurance premiums increase. “There is currently a healthy abundance of capacity, and the market continues to observe greater flexibility in underwriting and security controls. The competition and growth strategies in underwriting have led to better … Read more
Anatomy of a Cyberattack – On July 8, 2025, Marks & Spencer Chairman Archie Norman appeared before the UK Parliament’s Business and Trade Sub-Committee. The hearing focused on the April cyberattack that shook the British retail giant. Norman, joined by General Counsel Nick Folland and Corporate Affairs Director Victoria McKenzie-Gould, delivered a sobering account of … Read more
We’ve reported on AON’s new cyber risk report with posts including one on the drop in ransomware payments made by clients of the cyber insurance broker. Another element of the report that struck us as interesting: details on AON’s “Cyber Quotient Evaluation (CyQu), a patented global cyber e-submission platform,” the key part of the broker’s … Read more