The Source for Cyber Insurance News, Insights and Data
Cyberattacks are costing businesses millions – 88% of global cyber losses now tied to claims above $1 million, according to AXA XL. Analysis of more than 300 incidents reveals a stark reality: ransomware alone drives over 60% of recent large claims, with ransom demands spiking to an average of $32 million in 2023. The report, … Read more
Cyberinsurance Claims Drop While Ransomware Grows Costlier – Resilience’s 2025 Midyear Cyber Risk Report paints a stark picture. Cyberinsurance claims fell 53% in the first half of 2025 compared to 2024. But the cost of ransomware claims rose 17%. “Fewer incidents escalate to incurred losses, but when they do hit, they’re hitting harder,” said Jeremy … Read more
The cyber insurance market is on track to more than double by 2030, according to a new report from Lockton Re. The global reinsurance firm warns that growth, while likely, will depend on major shifts in data quality, risk modeling, and product design. In its white paper, Cyber Insurance 2030: Charting a Course for Growth, … Read more
Cyberattacks Hit Nearly Half of Portfolio Companies – Almost half of private equity (PE) portfolio companies reported cyber incidents in the past year, many involving ransomware or extortion attempts. PE Cybersecurity and cyber insurance are the focus of the Private Equity Cyber Survey White Paper by QBE, which surveyed 300 risk managers and CISOs at … Read more
Growth Slows Despite Rising Cyber Threats Slowing growth comes to the cyber insurance market, according to Swiss Re’s latest report. That sluggishness comes despite rising global cyber risks. Premium growth has declined from double-digit expansion in 2017–2022 to single-digit growth today. Global premiums are expected to reach USD 15.6 billion in 2025. The compound annual … Read more