The Source for Cyber Insurance News, Insights and Data
The hack of British retailer Marks & Spencer could reduce its profits over the coming year by £300m (more than $400 million), according to its recent report of financial results for the London Stock Exchange. This impact substantially exceeds the initial $133 million cyber insurance claim the company is expected to file. Marks & Spencer … Read more
Cyber Insurance Rates Drop Amid Stable Market Conditions The US cyber insurance market saw a 5% average rate decrease in Q4 2024, continuing a trend of pricing stability. Marsh reported that favorable conditions are expected to persist into 2025. Companies improved their cybersecurity controls, which underwriters viewed positively. Organizations also adjusted their insurance programs. Many … Read more
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