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 Market
Global Cyber Insurance Market is estimated to reach over USD 91.22 billion by 2031, exhibiting a CAGR of 23.78% during the forecast period. Cyber insurance covers a cyber-related security breach or another comparable event. While cyber insurance has been around for almost 20 years, it’s the first time the product has faced a hard market.
The global cyber-insurance market is still anticipated to grow from $12bn worth of annual premiums to $60bn in the next five to ten years according to Lloyds. But much of that growth is due to premium rate increases, rather than increased take-up rates or the broadening of coverage.
In this section, we have collected the most current articles and reviews on the topic of the Cyber Insurance Market.
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
Business Email Compromise: Cyber Threat Landscape & Preventing
Business email compromise (BEC), a sophisticated form of phishing that involves attackers manipulating individuals into unwittingly facilitating fraudulent activities
Global Cyber Insurance Market Forecast to Exceed over $120 bn by 2032
Global cyber insurance market has undergone significant changes in H1 2024, presenting both challenges and opportunities for retail agents
Generative AI’s Impact on Cyber Threat & Insurance Landscape
Gen AI offers opportunities for both cyber attackers and defenders, poised to significantly impact the threat landscape
How Geopolitics Reshapes the Cyber Threat Environment?
Risks associated with cyber warfare and systemic events more generally – scenarios where single attacks trigger widespread failures across multiple organisations
Cyber Insurance & Risk Management in a Volatile Threat Landscape
Enhanced cyber risk management strengthens an organization’s resilience against ransomware and other financial cyber attacks
Global Cyber Risk Insurance Report: Resilience & Relevance
Cyber continues to live up to its dynamic reputation. With no sign of the risk landscape abating – as demonstrated by ransomware, geopolitical instability
UK Cyber Insurance Market Trends: Q1 2024 Review
The UK cyber insurance market has shifted to favor buyers, driven by abundant capacity and fierce competition among insurers, leading to rate decreases
U.S. Cyber Insurance Generated Underwriting Profits in 2024
U.S. cyber insurance market experienced its second consecutive year of strong underwriting profits. Cyber coverage remained stable at 44%
How Will Generative AI Change the Cyber Insurance Landscape?
Major leaps in the effectiveness of Generative AI and Large Language Models have dominated the discussion around artificial intelligence
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 Security Global Trends: Insurance & Risk Mitigation Best Practice
Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is evolving
Cybersecurity Spending Trends. Cyber Insurance Premiums Risen Exponentially
Spending on cyber risk has risen fast and attention paid to the issue by top management has markedly increased. But the news is not all good
Global Cyber Risk Trends and Insurance Survey
The cyber insurance market reached a record size last year. Cyberattacks and the volume of compromised digital assets increased simultaneously
Lloyd’s Systemic Cyber Risk Scenario: Potential Global Economic Losses of $3.5trn
Lloyd’s published a systemic risk scenario that models the global economic impact of a hypothetical but plausible cyber attack on a major financial services payments system
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 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
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