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Cyber-related business interruptions are now a top concern among corporate risk managers, Zurich's 2019 Advisen Information Security and Cyber Risk Management report found. Moreover, this increased worry over cybersecurity is fueling change within the cyber insurance marketplace as customers' demands increase and expectations evolve, Zurich concludes.

"The cyber insurance marketplace is expanding and maturing to meet the increasing demands of corporations concerned about the ever-evolving cyber risks," said Paul Horgan, head of U.S Commercial Insurance. "Businesses are not only buying more coverage, they are asking for innovative and robust solutions that address menacing new threats."

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Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].