According to a 2025 report on cyber insurance trends published by Munich Re, the global cyber insurance market totaled $15.3 billion in 2024, and is expected to reach $16.3 billion by the end of 2025.

While security breaches that affect large enterprise businesses tend to make the biggest headlines, small businesses are just as vulnerable, if not more so. In fact, a recent survey by Mastercard ...

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- QBE North America, in partnership with insurtech provider Zywave, today announced the release of its 2024 Cyber Insurance Report, exploring cyber insurance ...

Howden Re compared potential cyber losses to moderate catastrophe years such as 2008. Cyber insurance may be approaching ...

Large companies are no strangers to cyber insurance policies. In fact, 93% of companies with more than $1 billion in annual revenue have some form of cyber coverage. On the other hand, small and ...

The cyber-insurance market continues to generate profits for underwriters, but competition in the market and softening demand has led to a decline in the total revenue from premiums for the third ...

In light of recent increases in ransomware attacks, data breaches and other cybersecurity incidents, cyber insurance is gaining attention as an effective tool to mitigate risk against bad actors. Yet ...

UK companies filed more cyber insurance claims last year than any other bar 2023, with ransomware breaches largely to blame, according to Marsh. The global insurance broker’s 2024 UK cyber insurance ...

Frequency and value of large cyber insurance claims up 14% and 17% year-on-year in the first half of 2024, with data and privacy breach-related elements present in two thirds of these losses Growing ...

Ransomware-driven premium spikes of the past few years appear to be leveling off, while EU regulations encourage more businesses to consider coverage. Cyber insurance costs have stabilized over the ...

As a business owner, you may need various types of insurance to limit financial losses for your company. If you store or process any sensitive customer information, such as their names, addresses or ...