The Source for Cyber Insurance News, Insights and Data
Cyber Insurance at the Forefront of Risk Management Cyber insurance remains one of the fastest-growing sectors in the insurance industry. As cyber threats escalate globally, businesses are expanding coverage to safeguard against emerging risks. The Policyholder Review 2024/25, from UK law firm Stewarts, is their first annual review of the insurance disputes landscape. The report … Read more
Cyber insurance rates dropped 5% in the US and 7% globally in Q4 2024, according to Marsh’s Global Insurance Market Index. The market benefited from abundant capacity, with new capital expected in 2025. Many companies reinvested premium savings into higher coverage limits and lower retentions. Claim volume increased, with over 2,000 US cases related to … Read more
According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more
The RPC Annual Insurance Review 2025 highlights the growing risks in cyber insurance as attacks intensify and insurers adapt to evolving threats. Key issues include rising ransomware incidents, the impact of AI-driven fraud, and increased regulatory scrutiny worldwide. The report assesses significant insurance trends across key international jurisdictions and multiple business lines, covering topics such … Read more
Small and medium enterprises (SMEs) vastly underestimate their risk of cyber-attacks, leaving them vulnerable due to low cyber insurance adoption, according to a new report from the Association of British Insurers (ABI). Despite making up 99% of UK businesses and generating over £2.6 trillion in turnover, SMEs remain under-protected from cyber threats. The ABI’s report, … Read more