The Source for Cyber Insurance News, Insights and Data
Cyber Claims in the UK See Second-Highest Spike on Record The UK cyber insurance market faced intense pressure in 2024. Marsh’s new cyber insurance report states that claims volumes hit the second-highest level ever. Although 2024 claims were 20% lower than 2023, they remained one-third higher than in 2020–2022. Ransomware attacks, supply chain breaches, and … Read more
Cyber Insurance at the Forefront of Risk Management Cyber insurance remains one of the fastest-growing sectors in the insurance industry. As cyber threats escalate globally, businesses are expanding coverage to safeguard against emerging risks. The Policyholder Review 2024/25, from UK law firm Stewarts, is their first annual review of the insurance disputes landscape. The report … Read more
Adaptive cyber insurance provider Cowbell has launched Cowbell Resiliency Services (CRS) to help U.S. businesses address increasingly sophisticated cyber threats. The new unit provides policyholders with advanced cybersecurity services, including Managed Detection and Response (MDR), Penetration Testing, Cloud Identity Monitoring, and Cybersecurity Training. Cyber Threats Are Escalating AI-driven cyberattacks and geopolitical tensions have increased security risks. The … Read more