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Top News about Cyber Insurance
“It Won’t Happen to Me.” Are we all teenagers at heart? Most small business owners feel safe from cyber risk. They shouldn’t. A new study exposes how misplaced confidence leaves digital doors wide open. Recent research by Coalition, the Small Business Cybersecurity Study, reveals a glaring gap in how small businesses perceive and respond to … Read more
GoSecure has entered a strategic partnership with Northbridge Financial Corporation to enhance cybersecurity incident response for insured commercial clients. GoSecure will support cyber policyholders from Northbridge Insurance and Federated Insurance. Customers will gain 24/7 access to an incident response hotline, cybersecurity consultations, and threat prevention tools. Cyber Risk Management Through Proactive Services GoSecure will act … Read more
Wind (including hurricanes) and earthquakes have long been the “peak perils” that keep insurance executives up at night and dominate the $54 billion market for cat (catastrophe) bonds to backstop insurance and resinsurance companies. But now cyber cat bonds are moving up in demand, in part because cyber risk is (in general) uncorrelated with natural … Read more
Global Market Poised for Strong Growth – The cyber insurance market is projected to reach USD 73.5 billion by 2033. This estimate is courtesy of new research from the IMARC Group. It stood at USD 14.2 billion in 2024. This growth represents a 17.88% compound annual growth rate (CAGR) over the forecast period. Rising Threats … Read more
Strong demand for cyber coverage and rising SME adoption support a stable outlook – AM Best has reaffirmed its stable outlook for the Global Cyber Insurance Market, citing persistent demand and solid growth drivers. This analysis is based on the newly released report, “Market Segment Outlook: Global Cyber Insurance.” The report notes “systemic risks from … Read more