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The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates…
Read More “Cyber Insurance Market is poised for substantial growth – Report” »
A new IBM report on data breaches found that the global average cost of a data breach has risen to $4.45 million. This is a 15% jump from 2022. The…
Consistent with other recent reports, S&P Global Ratings finds global cyber insurance premiums surging, about $12 billion last year and headed to almost twice that by 2025. At the same…
Read More “Cyber Insurers Doing Well, Cyber Reinsurers Not So Much: S&P” »
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…