The Source for Cyber Insurance News, Insights and Data
Who says insurance can’t be fun? Demonstrating evidence that you can indeed gamify anything, the British Insurance Brokers’ Association (BIBA) is bringing a novel twist to the sobering topic of cyber resilience at its annual conference in May 2024. BIBA will unveil The Cyber Hub in an innovative collaboration with CFC, a leader in cyber … Read more
“Cyber Risk Accumulation: Fully Tackling the Insurability Challenge’” is a useful new report from The Geneva Association (GA), “a global association of insurance and reinsurance CEOs and think tank for the insurance industry.” See information on the report here. We found a number of the report’s findings valuable, including the role and recent history of … Read more
Moody’s RMS, a leading provider of risk modeling for the insurance industry, has formed the Cyber Industry Steering Group, designed to address underwriting and other constraints in the cyber insurance sector. “There is a clear need and a significant opportunity to accelerate growth in the global cyber underwriting market. However, there are many legitimate concerns … Read more
The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks and the need to protect critical assets are some of the key factors driving the growth of the market. The market is segmented by type, … Read more
Interesting report about whether legal malpractice insurance covers lawyers when scammers trick them into sending their clients’ payments for real estate into phony accounts. “Of course, not all legal malpractice policies contain misappropriation exclusions, and in the absence thereof, the outcome of the coverage analysis could be different. However, where such an exclusion is present, … Read more