The Source for Cyber Insurance News, Insights and Data
A new market update from broker Lockton lands with a split-screen message for buyers and underwriters. The cyber insurance market kept softening, even as the threat environment hardened. Insurers chased growth and fought for renewals. Brokers regained leverage on terms. Claims teams, meanwhile, faced heavier files and longer cleanups. Key Cyber Insurance Market Takeaways Incidents … Read more
Independent Financial Advisors (IFAs) work with sensitive information like bank data, pension details, and investment records every day. This makes them a target for fraud and ransomware attacks. AI will only accelerate the risk. If a breach happens, it can lead to client notifications, regulatory investigations, and expensive business disruptions. Cyber insurance helps IFAs cover … Read more
Words matter! Every single one. “The difference between the almost right word and the right word is really a large matter. ’tis the difference between the lightning bug and the lightning,” is how Mark Twain put it. He may not have been talking about incident response following a cyberattack, but his admonition still applies. A cyberattack can feel like … Read more
Affluent North Americans say cyber risk worries them most. Yet many still underinsure their digital lives and misjudge the scale of potential losses. The new Chubb 2025 Wealth Report, The Resilient Mindset: Turning Risk Awareness into Advantage, surveys 1,000 wealthy households across the United States and Canada and shows a sharp gap between concern and … Read more
Desjardins Insurance has unveiled a new cyber insurance product dubbed CyberSuite Plus. It is designed to protect small and medium-sized enterprises (SMEs) from growing digital risks. According to Statistics Canada, 16% of Canadian businesses experienced cybersecurity incidents in 2023. The rate of cyber attacks jumped to 30% for large companies. These figures, like those from … Read more