Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Cyber insurance coverage Frequently, business owners don’t understand how the price of cyber insurance policies is determined and what is covered under a policy. (Photo: Den Rise/Shutterstock.com)

Though the cyber insurance market in the U.S. is currently valued at more than $7 billion, it is forecast to reach more than $20 billion by 2025.

Considering the increase in cyber-attacks just since the COVID-19 pandemic, it has become increasingly clear that most, if not all, businesses that store customer data or process electronic transactions may be targets of cyberattacks. Yet only 20% of businesses have cyber insurance coverage, according to a survey conducted by Appalachian State University and Selective Insurance.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.