The Source for Cyber Insurance News, Insights and Data
CFC, an insurance provider specializing in emerging risks and cyber insurance, has opened its first office in Spain, marking a significant expansion into Southern Europe. The new Madrid-based hub will help the company meet growing demand and strengthen relationships with broker partners across Spain, Italy, and France. This move follows earlier expansions in North America … Read more
Data Bridge estimates the “Third Party Cyber Insurance Market” was worth $7.7 billion in 2022 and will reach $39.5 billion (numbers rounded) by 2030—a look at this latest cyber insurance market analysis. This is a less aggressive estimate than some other cyber insurance market analysis, such as IMARC’s projection the market will reach $85 billion … Read more
Coalition has launched its Active Cyber Insurance in Germany through its subsidiary, Coalition Insurance Solutions GmbH. This new insurance offering is available starting today. The Federal Financial Supervisory Authority’s 2024 Risks in Focus Report, produced by BaFin Germany’s Federal Financial Supervisory Authority, identifies cyber-attacks and IT system breakdowns as major threats to German businesses. Coalition’s … Read more
Cysurance has launched its financial cyber protection program in Australia, providing enhanced ransomware protection and cyber insurance policies for Sophos customers. This expansion follows the program’s implementation in the United States. Cysurance specializes in certifying, warranting, and insuring cybersecurity solutions for enterprise end-users. The company aims to reduce the frequency, severity, and business impact of … Read more
The Asia-Pacific (APAC) region faces a significant surge in cybercrime, driven by rapid digitalization and the widespread adoption of new technologies such as cloud computing, blockchain, and the Internet of Things (IoT). According to Statista research, the global cost of cybercrime is currently estimated at over seven trillion U.S. dollars and is expected to increase … Read more