The Source for Cyber Insurance News, Insights and Data
Fitch Ratings reports that US cyber insurance premium rates continue to decline for the third consecutive quarter. Premiums are expected to remain under pressure unless a major cyber event occurs. In 2024, cyber insurance remained profitable. However, direct written premiums fell for the second year. The drop stemmed from reduced rates and fewer active policies. … Read more
A new report from the World Economic Forum underscores the escalating complexity of cyberspace, driven by geopolitical tensions, supply chain vulnerabilities, and rapid technological advancements. The report, Global Cybersecurity Outlook 2025, notes these challenges are creating profound disparities in cybersecurity resilience between organizations, industries, and regions. A Complex and Evolving Cyber Landscape The report highlights … Read more
Willis Towers Watson, WTW (NASDAQ: WTW), has unveiled CyCore Asia. This new cyber insurance solution is tailored for businesses in Singapore and Hong Kong. Collaborating with underwriters QBE Insurance Group and AXA XL, WTW offers primary insurance capacity of up to USD 15 million, addressing growing cybersecurity concerns. The initiative responds to findings from WTW’s … Read more