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Top News about Cyber Insurance
InsightAce Analytic’s latest research reveals that the global cyber insurance market is on a significant growth trajectory, driven by escalating cybersecurity threats and regulatory mandates. Valued at $16.46 billion in 2023, the market is projected to soar to $90.26 billion by 2031, achieving a compound annual growth rate (CAGR) of 23.94% from 2024 to 2031. … Read more
Amid an escalating wave of cyber threats targeting the financial sector, Mosaic Insurance, Incyde Risk, and Safe Security have announced a strategic partnership to deliver comprehensive cyber risk management solutions. This collaboration aims to provide financial institutions with a robust defense against growing cyber-attacks. Key Aspects of the Partnership Incyde Risk, specializing in cyber risk … Read more
Trusted Internet, LLC, a Managed Security Service Provider (MSSP) and Managed Detection and Response (MDR) services provider, has announced a new cybersecurity warranty and insurance enhancement to its offerings. Starting today, all MSSP and MDR services will include a $500,000 warranty. This move reflects the company’s commitment to providing reliable security and peace of mind … Read more
HITRUST, an enterprise risk management and information security company, has partnered with specialty insurance underwriter Trium Cyber to introduce a new cyber insurance product. This product, exclusively available to HITRUST-certified customers, aims to align information risk assurances with insurance underwriting standards. The new insurance offering, initially available to HITRUST r2 certified entities, addresses the growing … Read more
Coalition, an Active Insurance provider, has expanded into the excess cyber insurance market in Australia. This move allows businesses to enhance their cyber risk management with up to AUD 20 million in additional coverage on top of their primary insurance. Australian brokers can now offer Coalition’s excess policies, which include drop-down cover for specific sub-limited … Read more