As the frequency of cyber attacks reach epidemic proportion, cyber liability insurance has evolved in kind. Yet, many businesses still lack adequate protection.
Cyber crime insurers largely avoided costly claims from the recent attacks that hit businesses around the globe. The next global virus could change that.
The WannaCry attack is evidence of a meaningful evolution in ransomware, which has strategic implications on cyber attack patterns, insurance coverages and aggregation risk.
The market for autonomous vehicle coverage is expected to expand quickly due to risks related to cybersecurity, software and hardware, as well as the need for additional public infrastructure coverage.