The Leading Source for Cybersecurity Insurance News, Insights and Data
Our headline is a bit sarcastic, but it captures the findings of a survey covering more than 300 enterprises by Delinea, a provider of Privileged Access Management (PAM) solutions. The…
Read More “Cyber Insurance May Cost More this Year, But at Least it Takes Longer to Get: Delinea” »
Along with additional (and alarming) detail on its findings about hacks and shareholder value, AON provides some good news. Based on data from its risk assessment platform, security of common…
Read More “Major Cyber Incidents Cut Shareholder Value by 9%: AON ” »
The insurance research firm considers the future of the industry, including if a catastrophic attack occurs. “(A) still immature cyber market is rocked by one or more near-term catastrophe events…
Read More “Scenarios for the Future of Cyber Insurance: Report from Conning ” »
“Cyber insurance carriers continued to explore (and pursue) standalone cyber placements in response to increasing pressure by reinsurers to place cyber separately,” Gallagher noted in its new 1st View report….
Read More “Reinsurers Helping Drive Trend of Stand-alone Cyber Insurance Policies: Gallagher Re ” »
Yes, says Veeam’s survey of 1,2000 IT pros from companies hit by ransomware last year. In 2022, “77% of ransoms were paid by insurance, but that is becoming harder and…
Read More “Ransomware Increasingly Being Excluded from Cyber Insurance Policies?” »
The list: Hiscox: Best for Startup Businesses Zurich North America: Best for Midsize Businesses Chubb: Best for Enterprises Travelers: Best Cyber Liability Coverage The Hartford: Best for High Policy Limits…
Read More “5 Best Cyber Insurance Companies: Money Magazine” »
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…
More than a quarter of top UK insurers could struggle to get cyber insurance due their poor security controls, according to a survey from SecurityScorecard. “Insurers setting standards that they…
Read More “Many UK Insurance Companies Would Have Trouble Getting Their Own Cyber Insurance” »
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…
“In a new report, CyberCube conducted an analysis of cyber cat events and documented over 100 global cyber aggregation events with catastrophic potential over the past six years – equating…
Read More “World Dodged 100 Potentially Catastrophic Hacks Over Past 6 Years: CyberCube ” »