With high-profile, high-cost data breaches continuing to make news on a regular basis, it's not surprising that there has been a spike in interest in Cyber Liability coverage. Yet that interest isn't always translating into increased sales, in part due to a lack of understanding of the exposures by, ironically,...
Cyber insurance is currently a $2 billion market, according to Betterley Risk Consultants Inc., and most cyber insurers report consistent premium growth in the double digits.
2013 was an active year for cyber breaches, and interest in insurance is rising. But insurers worry that a mega-breach impacting multiple clients may be just around the corner.
New risks and high-profile data breaches have more companies looking to buy cyber liability coverage in a market that's giving them more bang for their cyber buck.
Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...
Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...