Global Cyber Insurance Claims Report: Ransomware Trends & Predictions
The scale and frequency of cyber incidents led 2024 to be the year that cybersecurity issues entered the mainstream discussion
The scale and frequency of cyber incidents led 2024 to be the year that cybersecurity issues entered the mainstream discussion
As per GlobalData’s Cybersecurity in Insurance report, by 2025, the cybersecurity market size in the insurance sector will have reached $10.6 billion
The cyber insurance market continues to evolve and adapt to the changing threat landscape, as cybercriminals and nation states exploit security vulnerabilities
The views of the insurance industry are not always prominent in the debate on ransomware. In order to provide a re/insurer perspective, we surveyed cyber insurance
Ransomware attacks have become even more damaging, audacious and widespread over recent years, with no obvious let-up on the horizon
The increased use of new forms of risk transfer in the cyber reinsurance market to have renewed discussions about the potential role Insurance-Linked Securities (ILS)
Increasing demand for cyber re/insurance have made the need for fresh risk capital acute. With insurance linked securities (ILS) market, re/insurers may be change
As we look back on the cyber insurance marketplace, we see all the hallmarks of a hardening market, with no signs of relief as we move into 2022
The largest ransomware pay-outs by cyber insurers in the last two years has averaged £3.26 million in the UK and $3.52 million in the US
Cyber insurance remains a relatively immature although still-growing market in most industrialised countries. Insurance solutions by Lloyd`s
Cybersecurity and cyberinsurance sits at the top of the agenda for businesses, boards, risk managers and governments alike
Cyber risk hits the top spot in Allianz Risk Barometer, with a series of high-profile ransomware attacks, combined with digitalization
Insuramore has completed a global ranking of insurer (carrier) groups as measured by cyber insurance gross direct premiums written (GDPW)
Direct premiums written in the cyber liability insurance market continued to grow in 2022-2024, seeing a 75% increase, far outpacing that of the overall property/casualty insurance
If a cyber incident does occur, it’s imperative to have a plan already in place for what to do. Beinsure has collected the opinions of cybersecurity experts
External threats are scary, but about half of cyber risk is coming from inside the house. When you think of internal cyber risk, you may think of malicious insiders
The threats you might think about first when you think of cyber risk: cyberattacks, phishing, ransomware, DDoS attacks
Cyber risk commonly refers to any risk of financial loss, disruption or damage to the reputation of an organization resulting from the failure of IT systems