July 8, 2024 at 02:07PM The cyber-insurance market has seen a significant decline in premium rates, making coverage more accessible to organizations of all sizes. Factors contributing to this decrease include a more competitive marketplace, improved cyber hygiene, and better risk assessment by insurers. Despite a rise in cyber-attacks, prices are expected to remain stable … Read more
July 2, 2024 at 07:22AM Cyberinsurance premiums have decreased by around 15% since 2022, as businesses have become more proficient at minimizing losses from cybercrime. Enhanced security measures such as multifactor authentication have aided in reducing insurance claims. However, the insurance industry’s cyclical nature suggests that lower premiums may not be a long-term trend. Industry … Read more
October 16, 2023 at 10:08AM The global cyber insurance market is growing rapidly, expected to reach $84.62 billion by 2030. However, many companies are uncertain about how much coverage they need, and insurers struggle to assess individual risk. This has led to significant losses in the cyber insurance market. Rates have spiked due to increased … Read more