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Top News about Cyber Insurance
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
“Marsh is uniquely positioned to support clients with the risk and insurance solutions needed at every stage.” Sam Tiltman, Marsh Global Data Center Insurance and Risk Management Services Marsh has launched a new service offering Data Center Insurance and Risk Management Services to support clients across the global digital infrastructure lifecycle. Meeting Growing Industry Needs … Read more
Google Cloud Grows Cyber Insurance Options and Global Reach Google Cloud has significantly expanded its Risk Protection Program (RPP) in 2025, enabling businesses to better assess, manage, and transfer cyber risks. This move reflects a broader shift toward integrated cybersecurity and insurance solutions for cloud environments. With new partners and updated features, the RPP now … Read more
Court Decision Highlights Overlapping Coverage An English court clarified how multiple insurance policies, not just cyber insurance, can apply to a single data breach incident, offering lessons for companies and brokers about data breach liability. As outlined in a recent A&O Shearman blog, the case revolved around a housing association’s misdirected email in 2020 that … Read more
Sophos has partnered with Capsule, a UK-based cyber insurance broker. The plan? Simplify insurance access for small and medium-sized businesses (SMBs) using Sophos cybersecurity solutions through managed service providers (MSPs). This program addresses the growing demand for cyber insurance and helps SMBs avoid long application processes and complex technical criteria. Chris Bell, senior vice president … Read more