The Source for Cyber Insurance News, Insights and Data
Rising Portfolio Risks Drive Need for Strong Cyber Insurance Policy Coverage Private equity sponsors must now prioritize strong cyber insurance policy coverage. According to the law firm Proskauer, 2025 brings increasing portfolio risks from geopolitical instability, inflation, and cybercrime. They warn that legal and operational risks at the portfolio level can have a direct impact … Read more
The global cyber insurance market is expected to grow by $42.81 billion between 2022 and 2027, at a CAGR of 35.92%, according to a new report by Technavio. The market growth is being driven by a number of factors, including the rising incidence of cyberattacks, the increasing awareness of cyber insurance among businesses and individuals, … Read more
Protos Labs, a Singapore-based cyber risk management company, announced today that it has raised $3 million in seed funding. The company plans to use the funds to accelerate its global expansion and product development as it works to revolutionize the cyber insurance and risk management landscape. The cyber risk landscape is constantly evolving, making it … Read more
KYND Limited, a provider of next-generation cyber risk management technology and services, has announced a strategic partnership with Nirvana, a UK-based specialty Managing General Agent (MGA). This collaboration will empower Nirvana’s underwriting team with advanced and actionable insights into organizational cyber exposure, enabling them to make efficient, data-driven risk selection decisions and ultimately optimize portfolio … Read more
NetDiligence, a firm specializing in cyber risk readiness and response solutions, has released its thirteenth annual Cyber Claims Study, which provides insights into the real costs of data breaches and other cyber-related incidents from an insurer’s perspective. The study analyzes 9,000 claims spanning the period from 2018 to 2022, with 800 claims from 2022 alone. … Read more