Ransomware-driven premium spikes of the past few years appear to be leveling off, while EU regulations encourage more businesses to consider coverage. Cyber insurance costs have stabilized over the ...

Small and medium enterprises as well as mid-market companies are taking up cyber coverage. Read more at straitstimes.com. Read more at straitstimes.com.

According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a ...

A ransomware attack can be financially ruinous for a company. In the first half of 2024, the average ransom demand was $5.2 million, according to Comparitech. Whether companies pay threat actors’ ...

Enterprises in regulated industries often carry cyber insurance policies because contracts require it or boards ask for documented risk transfer. The global market for these policies reached about $16 ...

A steady decline in premium rates over the past year has made it more affordable than ever for organizations of all sizes to acquire cyber-insurance coverage. Much of the decline is the result of a ...

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance ...

Insurance has always evolved with new forms of risk, but cyber insurance has moved faster than any line before it. It is still young yet already central to how companies think about resilience. In my ...

More organizations than ever subscribe to cyber insurance, yet the number of claims are plummeting, according to a new report by UK backup solutions provider Databarracks. In its 2024 Data Health ...

As VP of Engineering at Elpha Secure, Ratnesh drives cyber strategies and security portfolio tailored to protect SMEs against cyber threats. Cyber threats and breaches are continuing to skyrocket for ...

Cyber Insurance Statistics: Cyber insurance had moved from being nice to have to really being a core risk tool by 2024. Why? The attacks kept rolling in, breach costs kept pushing upward, and boards ...