The Source for Cyber Insurance News, Insights and Data
In response to the rising threat of cyberattacks and data breaches, Tampa, Florida-based Mynatt Insurance Agency has announced its specialized focus on providing cyber liability insurance to businesses in Tampa and Temple Terrace. This strategic move aims to address the increasing need for protection against the financial losses, reputation damage, and legal liabilities that can … Read more
Marsh, a global leader in insurance brokerage and risk advisory, recently unveiled Edgware Re Ltd.. The Bermuda-based group captive insurance company is focused on cyber insurance. This launch comes at a time when the cyber insurance industry is experiencing rapid evolution, driven by the escalating frequency and sophistication of cyber threats. Edgware Re is tailored … Read more
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
In an age where digital threats loom larger by the day, the cyber insurance market stands as a crucial bastion of defense for businesses worldwide. Two recent reports, one from the IMARC Group and another from Allied Market Research showcasing research up to 2032, offer a comprehensive look into the cyber insurance landscape. Each highlights … Read more
Zurich Insurance Group has forged a strategic alliance with cybersecurity firm CYE, launching an innovative service designed to fortify businesses against the escalating threat of cybercrime. Revealed last week, this partnership seeks to address the burgeoning challenge of cyber threats, identified by the World Economic Forum as one of the principal global risks to businesses. … Read more