The Source for Cyber Insurance News, Insights and Data
Chubb and the National Center for the Middle Market (NCMM) have unveiled an engaging glimpse into the financial performance of middle market companies. The insights gained are thanks to the 2023 Year-End Middle Market Indicator (MMI), which surveyed 1,000 executives. These companies are essential contributors to the U.S. economy. They are navigating through a period … Read more
Insightace Analytic Pvt. Ltd.’s latest research reveals that the global cyber insurance market, valued at $13.54 billion in 2022, is set to skyrocket to $91.22 billion by 2031. With cyber threats on the rise, the demand for cyber insurance is growing rapidly, driven by increased online activity and regulatory efforts to bolster defenses. Key players … Read more
The useful new 2024 US Cyber Outlook Report from Risk Placement Services (RPS) notes that carriers reduced premiums, increased limits and softened requirements for some cyber controls when ransomware losses declined last year. But this “buyer’s market” is unlikely to continue, predicts Steve Robinson, national cyber practice leader at RPS and his team. “The cycle between hard … Read more
The global Cybersecurity Insurance Market is poised to experience robust growth, rising from USD 14.18 billion in 2023 to an estimated USD 32.52 billion by 2028. This reflects a CAGR of 18.06% during the forecast period. This analysis from Research And Markets. The surge is propelled by the escalating pace of digitalization, cloud development, Big … Read more
A recent study by Recast Software and Ponemon Institute found the cybersecurity insurance market is witnessing a significant uptick in demand. This rise comes as the scale and cost of cyberattacks continue to rise. The study, conducted in the Fall of 2023, revealed that 41% of organizations experienced a surge in cybersecurity incidents. That prompted … Read more