cyber market News

Cyber Insurance Demand, Supply, Awareness Continue to Grow: Marsh

The message about the need to take cyber risk and insurance seriously is getting through to companies and boardrooms. “As risk awareness has grown, more organizations, particularly those focused on their business interruption risk, are turning to the cyber insurance …

How the U.S. Cyber Insurance Market Is Performing: Aon Report

The number of U.S. insurers providing cyber insurance continues to grow along with instances of cyber attacks. In 2017, 170 U.S. insurers reported writing cyber insurance, up from 140 in 2016 and 119 in 2015, according to Aon’s latest U.S. …

Here’s What’s to Expect for Global Commercial Insurance Market Growth

Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017 and by 2021 will rise to almost $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 billion …

What Cyber Exposures and Coverage Gaps Keep Risk Managers Up at Night

Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years ago when convincing …

Everest Unveils Cyber Insurance Policy for Companies in All Industries

Everest Re Group, Ltd. has launched Everest Insurance Cyber Elevation Insurance Policy, which provides comprehensive cyber coverage and risk mitigation and remediation services to companies across all industry classes. According to Everest’s Cyber Insurance Practice Leader, Kevin Sherry, Cyber Elevation …

Insurers Can Protect Ratings with Cautious Approach to Cyber Risk: Fitch

The influence of cyber risk on insurer ratings is likely to be neutral or gradual as long as insurers continue take a cautious approach to the business, according to Fitch Ratings. At its recent cyber conference in New York, Fitch …

Travelers Comfortable with Its ‘Prudent’ Cyber Insurance Position

Travelers Cos. Inc. plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer assesses risks in the segment, its head of …

Texas Insurance Council Symposium to Address Cyber Threats

The Insurance Council of Texas and the Association of Fire and Casualty Companies in Texas’ Annual Mid-Year Symposium will feature a panel discussion on cybersecurity, the growing cyber market for insurers, and the threats associated with doing business in the …

Marsh Launches Global Excess Cyber Risk Facility Called ‘Cyber ECHO’

Marsh has launched “Cyber ECHO”, a global excess cyber risk facility that provides more reliable insurance coverage for organizations around the world. Following a series of high-profile cyber losses, underwriters have become more selective and may actually reduce the amount …