The Source for Cyber Insurance News, Insights and Data
The cyber insurance market is set to expand significantly, reaching a projected value of USD 68.35 billion by 2032, up from USD 8.2 billion in 2022. This forecast comes from Market Research Future (MRFR), which anticipates a compound annual growth rate (CAGR) of 26.57% between 2023 and 2032. An increase in cyber threats linked to … Read more
It’s been a decade since the National Institute of Standards and Technology (NIST) started developing its Cybersecurity Framework (CSF), which became a “best practices” standard for cyber security. Now the 2024 Healthcare Cybersecurity Benchmarking Study indicates that healthcare enterprises which have implemented the CSF see benefits in their cyber security insurance costs (which increased by … Read more
Brit Ltd announced the launch of Brit Cyber First50, a new initiative designed to simplify the placement of large cyber risks for institutional clients with revenues exceeding $10 billion. The program introduces a $50 million Primary Lloyd’s Consortium, led and managed by Brit, to address the increasing demand for efficient cyber insurance placement amid rising … Read more
In a strategic move to enhance cyber security measures globally, Cyberwrite, a noted cyber insurance technology company, has partnered with Howden, a global insurance intermediary group. The collaboration is designed to provide Howden’s clients in over 50 countries with advanced tools and insights for dealing with cyber threats more effectively. Cyberwrite brings to the partnership … Read more
Here it is – Your Cyber Insurance Sunday – Upload — A few items from the week. Some we reported on, and others we found interesting. Lloyd’s looks at the impact of AI, some rough news for insurtech investments, and just a little bit (sarcasm) on the UnitedHealth hack, dubbed by some as “the most … Read more