The Source for Cyber Insurance News, Insights and Data
Cyber Premiums Drop 6% in 2024 Amid Pricing Weakness According to Fitch Ratings, cyber insurance premiums in the U.S. dropped 6% in 2024, marking a second consecutive year of declines. This after surging 160% between 2020 and 2022. Despite the dip, the sector continues to generate substantial profits. Demand for cyber coverage remains high. However, … Read more
The fusion of cyber insurance with security services is a key trend in the industry, designed to help policy holders achieve and then maintain — after the policy has been purchased — adequate security in the face of ubiquitous and constantly updated cyber threats. Unfortunately, cyber insurance bunding of policies with security services is being … Read more
High-profile cyberattacks on UK retailers are spotlighting the ongoing cyberattack vulnerabilities businesses face. From the Co-op to M&S to the Harrods hack, these crimes are costing firms millions. Beyond stock value, there is also a personal cost, like the couple left without their wedding cake, highlighting cybercrime’s very real human impact. It has been reported … Read more
Coalition’s newly released 2025 Cyber Claims Report outlines key cyber trends that shaped the digital threat landscape and influenced insurance outcomes for its policyholders across 2024. The report reveals that business email compromise (BEC) and funds transfer fraud (FTF) dominated claims, accounting for 60% of all incidents. Coalition notes its proactive “Active Insurance” model played … Read more
Cyber Reinsurance Growth Picks Up Speed The cyber (re)insurance market is on the rise. Capacity and innovation have grown after hard market years in 2021–2022. According to Howden Re’s 2025 “Into the Cyberverse” report, confidence is returning. Non-proportional coverage is replacing traditional quota share deals. Buyers now focus on protecting against catastrophic tail risk, not … Read more