Research

During a tumultuous year, organizations in nearly every industry turned to captives to help cover their risks.

There are fresh opportunities for agents and brokers to help these companies better understand their exposures and mitigate threats.

In addition to pricing, improving the customer experience is another way insurers are pulling value from data.

A majority of business leaders are confident in their cybersecurity, but less than half have adopted basic preventative measures.

Over the past five years, SMBs have faced an average ransom of $247,000 and around $350,000 in recovery costs per incident.

While the willingness to share data is there, the desire varies depending on the type of information being collected.