Cyber Insurance: A Critical Component for Healthcare Security
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Cyber insurance cover
Cyber insurance generally covers your business’ liability for a data breach involving sensitive customer information. Cyber insurance generally does not cover property damage, which includes computer and other technology equipment that is often damaged as part of the cyber attack.
A claim under Cyber Insurance may cover financial losses your business suffers as a result of a cyber incident (known as first party cover), as well as losses suffered by third parties as a result of the incident (known as third party cover).
In this section, we have collected the most current articles and reviews on the topic of the Cyber insurance cover.
Cyber Insurance Market Outlook for 2024-2034: Coverage & Capital Managing
Cyber insurance market is set for outsized growth compared with other lines of P&C insurance over the coming 10 years. There is some concern about what factors must come together for growth
Cyber Insurance Protection Gap. Cyber Risk Survey
Munich Re estimates global cyber premiums at approximately $14 bn and expects the cyber insurance market to reach a size of around $29 bn by 2027
Personal Cyber Insurance for Individuals. Survey 2024
Safeguarding your digital life: The essential role of personal cyber insurance for individuals and their families. Munich Re’s Survey 2024
Cyber Risk Insurance Market Global Trends 2024
Global cyber insurance market has further matured. Cyber risk continues to increase, driven by rapid technological advances such as artificial intelligence
Cyber Insurance Poses Significant Risks to Re/Insurers’ Stability
Cyber insurance offerings expansion could pose significant risks to the financial stability of re/insurers if not managed with caution
6 Steps to Customize Cyber and E&O Insurance Contracts
The non-standardized nature of cyber and E&O policy wording creates the opportunity to mold an individually tailored and responsive risk transfer tool
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
How Insurers Can Expand the Cyber Insurance Market?
A slowdown in price increases and companies hardening their cybersecurity defenses will help expand the cyber insurance market
Future of Global Cyber Insurance Market – Ransomware Challenges
Strengthened Global Cyber Insurance Market resilience continued to pay dividends, as resurgent ransomware activity has so far not been accompanied
Global Insurance Ranking of Cyber Insurers by Premiums
Global Ranking of insurance providers worldwide and largest underwriters in the cyber insurance sector. Insuramore has updated its 2024 global ranking of insurer
Cyber Insurance Trends in 2024. Cyber Risk & Insurance for Businesses
Cyber insurance is no longer deemed a nice-to-have accessory for businesses. In 2024, its importance will only increase
Cyber Insurance Market Will Maintains Premium Growth & Underwriting
Cyber insurance market is anticipated to maintain favorable premium growth and underwriting results
Reinsurance Potential for Cyber Risk Transference through ILS Issuances
Public announce of cyber risk transference by (re)insurers to capital markets through ILS issuances represent the potential for a reinsurance
Cyber Security, Insurance & Cyber Business Intelligence Review
Things have been tough recently in the cyber insurance industry. Businesses have a difficult time finding affordable policies with the right limits
5 Most Important Cybersecurity Controls & Cyber Liability Insurance
Here are 5 of the most important security controls you should have in place to reduce the risk of a cyber incident and, ultimately, lower the risk for your insurer
Main Types of Cyber Loss Estimates and Cyber Insurability
In response to uncertainty around cyber risk, insurance providers have become more selective in their underwriting through better risk selection, lower limits, cyber insurance
Risk Management With Cyber Insurance
Risk management is the process of identifying, assessing and responding to/mitigating risk events. Organisations must understand the probability and potential severity of loss events
Ransomware Insurance and Cyber Risk Landscape
The resulting losses from a systemic cyber event could be very large, impacting companies, the broader economy and society at large
Cybersecurity & Cyber Insurance Market. How to Reduce the Impact of Cybercrime?
The frequency and severity of cyberattacks are ever increasing. Data breaches to steal personal information occur daily, but only the largest make the news
What are the Main Reasons for Cyber Insurance Claim Denials?
Сlaims determinations under cyber insurance are particularly susceptible to insurers arguing that they did not intend to cover a type of claim
Cyber Insurer Perspectives on Ransomware. Insurance Market Outlook
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
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard