The Source for Cyber Insurance News, Insights and Data
After a brief respite in 2023, the cyber liability insurance market is bracing for turbulence in 2024. Woodruff Sawyer’s “Cyber Looking Ahead Guide” paints a sobering picture of rising cyber risks, potential policy gaps, and ransomware maintaining its reign of terror. Buckle up, businesses; it’s going to be a bumpy ride. War Clouds Gather: One … Read more
The global cyber insurance market is on a trajectory to hit a whopping USD 90.6 billion by 2033, with a robust Compound Annual Growth Rate (CAGR) of 22.3%. The research from Market.US states in 2023 alone, the market stood at USD 12.1 billion. This showcases the increasing importance of cyber insurance in an era of … Read more
The predictions come in the tech giant’s report “Cybersecurity Forecast 2024: Insights for Future Planning.” The report is a fascinating read for anyone involved in the cyber security arena — we were struck by the section on “Pig Butchering* scams,” among others — but more to point are the comments on cyber liability insurance. “Cyber … Read more
Brace yourselves, insurance behemoths, for the cyber tide is turning! CyberCube predicts in their recent report that 2024 will see reinsurance titans flexing their muscles, actively pumping up the cyber capacity pool. CEO Pascal Millaire emphasized the shift in perspective among reinsurers, stating that those hesitant about entering the cyber domain will recognize the imperative … Read more
According to the latest analysis by Emergen Research, the global cyber insurance market, valued at USD 11.88 billion in 2022, is poised to experience a remarkable revenue CAGR of 20.4% through 2032. The escalating number and sophistication of cyber threats are fueling the surge. These include data breaches, ransomware attacks, and insider threats. The increasing … Read more