The Source for Cyber Insurance News, Insights and Data
BOXX Insurance has expanded its Cyber Insurance Coverage suite with the launch of Tech E&O by BOXX. The new offering is a combined Errors and Omissions and cyber protection solution for technology companies. The product is intended for fast-growing sectors such as SaaS, artificial intelligence, and digital infrastructure. Modern Protection for Advanced Tech Risks The … Read more
Cyberwrite has partnered with Navacord Corp. to expand cyber insurance policy adoption across Canada. The collaboration gives Navacord’s brokers access to Cyberwrite’s patented AI-driven cyber risk quantification platform. The partnership equips brokers to help clients measure financial exposure to cyberattacks and secure suitable cyber insurance coverage. “Cyberwrite enables Navacord’s brokers to help their clients quantify … Read more
HSB Canada has introduced HSB CyberPro. The offering is a new cybersecurity insurance solution for Canadian businesses. The policy offers protection against cyberattacks, business interruptions, and data breaches across multiple industries. Comprehensive Cybersecurity Insurance Protection HSB CyberPro combines insurance coverage with risk management tools. It includes cybercrime protection, data restoration, and crisis management support. The … Read more
Desjardins Insurance has unveiled a new cyber insurance product dubbed CyberSuite Plus. It is designed to protect small and medium-sized enterprises (SMEs) from growing digital risks. According to Statistics Canada, 16% of Canadian businesses experienced cybersecurity incidents in 2023. The rate of cyber attacks jumped to 30% for large companies. These figures, like those from … Read more
Growth Slows Despite Rising Cyber Threats Slowing growth comes to the cyber insurance market, according to Swiss Re’s latest report. That sluggishness comes despite rising global cyber risks. Premium growth has declined from double-digit expansion in 2017–2022 to single-digit growth today. Global premiums are expected to reach USD 15.6 billion in 2025. The compound annual … Read more