#PrivacyClaims

Marsh Insurance: Volume of Cyber-Insurance Claims Reaches New Heights

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June 13, 2024 at 05:17PM In 2023, cyber-insurance claims hit a new high, with over 1,800 claims from the US and Canada. The surge was attributed to more complex cyberattacks, increased privacy claims, a rise in organizations purchasing cyber insurance, and the MOVEit file transfer supply chain breach. Healthcare had the highest claims at 17%, … Read more

With Attacks on the Upswing, Cyber-Insurance Premiums Poised to Rise Too

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January 18, 2024 at 12:04PM The cyber-insurance market is expected to see rising claim volumes due to increasing threat activities, potentially leading to higher premiums in the next 12 to 24 months. Despite recent declines in average prices, industry experts anticipate a shift towards increased costs as the threat landscape evolves. While costs temporarily eased … Read more