cyber insurance News
200-Year Global Cyber Loss Event Estimated Up to $33.4B: Guy Carpenter
A new report released by Guy Carpenter examines the cyber reinsurance market by modeling potential global loss events. A 1-in-200-year event has the potential to produce damages between $15.6 and ...Cyber Insurance: A Growth Market for Insurers With Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today's DBRS Morningstar's commentary ...Marsh: Cyber Insurance Purchases Climb After Rocky Couple of Years
Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36 percent of Marsh's clients ...Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld ...
Clients Buy Higher Limits as Q1 Cyber Increases Follow Moderation Trend: Marsh
For the fifth straight quarter, pricing increases for cyber insurance continued to fall at the start of 2023. According to a new U.S. Cyber Purchasing Trends report from broker Marsh, prices were up ...Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts
In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2 billion, a premium ranking shows two carriers growing more than 150 ...Munich Re: Supply Chain, Ransomware Threats Top 2023 Cyber Risks
Global costs of cyber crime are expected to surge within the next five years, rising from an estimated $11 trillion in 2023 to nearly $24 trillion by 2027, according to the latest cyber insurance ...Intangic MGA Launches Cyber Parametric Policy With Backing From AXA XL
Intangic MGA, a London-based cyber managing general agent (MGA), has been launched with capacity backing from AXA XL, offering new cyber insurance cover for large public corporations headquartered in ...Which Came First, the Cyber Chicken or the Cyber Egg?
One of the biggest challenges for cyber insurers isn't predicting when an act of cyber war could occur but figuring out how to define cyber war in the first place.