The Source for Cyber Insurance News, Insights and Data
First-Ever In a first-ever, premiums for cybersecurity insurance coverage in the U.S. fell 2.3% in 2024, according to AM Best’s latest report. This marks the first recorded decline since 2015, with total direct premiums written now below $7.1 billion. The loss ratio remained below 50%, suggesting that cyber insurance continues to yield profits. The AM … Read more
Ancient Lessons Inspire Modern Cyber Insurance Fix For millennia, societies have relied on insurance to hedge against uncertainty. Ancient Romans pooled funds for fallen legionnaires. Merchants of old took out “bottomry” loans, which were forgiven if pirate raids sank their ships. Today’s cyber insurance market draws from these deep roots but faces modern challenges. This … Read more
New Cybersecurity Insurance Launched for Battery Storage Market McGill and Partners has introduced a new cybersecurity insurance product for the battery energy storage market. The global specialty insurance broker developed this product to address the increasing risks associated with cyber threats in energy storage systems. Why the Battery Sector Faces Cyber Risks Battery Energy Storage … Read more
Understanding Cyber Insurance Coverage in the Age of Leaked Data The landscape of cyber insurance coverage is evolving rapidly. A new analysis from Gallagher Re reveals how leaked credentials, often found on the surface, deep, and dark web—serve as powerful predictors of cyber claim frequency. This finding provides insurers with sharper tools to assess cyber … Read more
Cyber threats are no longer static—they evolve rapidly, often rendering yesterday’s solutions obsolete. That’s why, according to Epiq, a global provider of legal and business services, having a documented Cyber Incident Response Plan isn’t enough. The company warns that these plans must go beyond checklists to meet the dynamic nature of today’s cyber threats, such … Read more