The Source for Cyber Insurance News, Insights and Data
Top News about Cyber Insurance
Onda, a Lloyd’s-backed cyber MGA, has unveiled Onda X, a new cyber insurance product tailored for mid-market firms across the UK and France. Targeting companies with annual revenues between £100 million and £1 billion, Onda X offers primary and excess coverage limits up to £5 million to protect against cybercrime. As noted in the press … Read more
Report Highlights How Businesses Can Reduce Cyber Risk as Threats Persist Coalition, an active insurance provider, has released its Cyber Threat Index 2025, shedding light on the dominant cybersecurity threats from 2024 and what to expect in the coming year. The report reveals that most ransomware incidents in 2024 began with compromised virtual private networks … Read more
The cyber insurance market is stabilizing as cyber underwriting practices and pricing models mature. Rate volatility is decreasing, and coverage options are expanding. A new report from Risk Placement Services (RPS) highlights key trends shaping the market in early 2025. It touches on cybersecurity, data breaches, ransomware, AI-powered cyberattacks, and AI as a defensive tool, … Read more
New Partnership Aims to Enhance Cyber Risk Management CyberSecOp, a Managed Security Services Provider, has partnered with Risk Strategies, a North American specialty insurance brokerage firm, to offer enhanced cybersecurity and insurance solutions. The partnership provides CyberSecOp clients with access to customized cyber insurance policies based on their security program’s maturity. Clients to Benefit from … Read more
Market Growth and Projections The global cyber insurance market is projected to grow from $10.37 billion in 2023 to $68.35 billion by 2032, with a compound annual growth rate (CAGR) of 22.90%, according to a report by Market Research Future. Increasing cybersecurity threats, regulatory requirements, and digital transformation are key drivers of this growth. Factors … Read more