The Source for Cyber Insurance News, Insights and Data
In the cybersecurity battlefield where size matters, small and medium businesses (SMBs) are taking the brunt of relentless ransomware assaults. Shockingly, these nimble enterprises are three times more likely to be in the crosshairs of cybercriminals compared to their larger counterparts. The toll? A staggering $2.4 billion in losses was incurred by SMBs in 2021 … Read more
Cybercrime costs the world’s economy trillions of dollars a year. Some research projects that figure to reach a staggering $10.5 trillion by 2025. As a result, the demand for robust cybersecurity and insurance solutions is skyrocketing. Recognizing this critical need, Great American Insurance Group announced the appointment of Laura A. True as Divisional Vice President … Read more
WTW, a global advisory and solutions firm, has introduced the International CyCore Facility (ICF). An offering tailored specifically for international clients outside of Great Britain and the US. Designed to address a spectrum of cybersecurity threats, the ICF offers coverage for malicious acts, non-malicious acts, and technical failures. This comprehensive solution encompasses cyber incident response … Read more
Insightace Analytic Pvt. Ltd.’s latest research reveals that the global cyber insurance market, valued at $13.54 billion in 2022, is set to skyrocket to $91.22 billion by 2031. With cyber threats on the rise, the demand for cyber insurance is growing rapidly, driven by increased online activity and regulatory efforts to bolster defenses. Key players … Read more
Marsh, a leading insurance broker and risk advisor, appointed Shannan Fort as International Cyber Product Leader of Marsh Specialty. The appointment is effective April 1. Based in London, she will report to Gregory Eskins and Kelly Butler. Fort joins from McGill and Partners, bringing 16 years of experience, including roles at Aon. In her new … Read more