Challenges for Cyber Insurance Market’s Growth Potential
The realisation of the cyber market’s growth potential is tied to geopolitics and macroeconomics, but also sme penetration, tail-risk management
Cyber Insurance
69 posts
Cyber insurance generally covers business’ liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers and health records. Cyber risk means any risk of financial loss, disruption or damage to the reputation of an organisation from some sort of failure of its information technology systems.
General liability insurance covers bodily injuries and property damage resulting from your products, services or operations. Cyber insurance is often excluded from a general liability policy.
Who needs cyber insurance? If your business uses, sends or stores electronic data, you may benefit from cyber insurance. That data, whether it belongs to the business or is sensitive customer information, is vulnerable to cyber-attacks and data breaches; cyber insurance can help with the cost of recovery.
Cyber Insurance Market Dynamics Changed Significantly
Cyber insurance dynamics have shifted significantly over the last 12 months. After a period of upheaval – characterised by a rapidly deteriorating loss environment
War Exclusions in Cyber Insurance are Centre Stage as Re/Insurers
Whilst there have been no cyber attacks of comparable scale since the invasion of Ukraine, the scope of cyber insurance, and the war exclusions issue specifically
Cyber Supply Chain Risk: Background & Innovation
The digital supply chain is invisible. It operates in the background but is essential to the day-to-day functioning of most businesse
Global Cyber Warfare Risks Increases Insurance Market Losses
Cyber warfare and the attendant risk of systemic losses have long cast a shadow over the cyber insurance market
Cyber Warfare in Ukraine: Implications for Global Cyber Threat Landscape
The cyber warfare in Ukraine, a clash of titans in terms of cyber security, has considerable implications for the cyber threat landscape
How Does Cyber Security Hygiene Reduce the Risk of Cyberattacks?
Companies that have strong cyber security hygiene are reducing the risk of being targeted by cybercriminals. Investment in cyber security is crucial in this environment
