Cyber insurance, responding to the surge in cyber threats, is a rapidly growing field that provides protection against losses incurred from cyber attacks and data breaches. Projected to reach $22.5 billion in annual premiums by 2025, this sector is dynamically evolving. Despite its role in mitigating critical risks, challenges persist, such as the absence of standardization and the insufficiency of coverage in many policies. Cyber insurance brokers play a crucial role in guiding clients through this intricate landscape, ensuring they secure the right coverage. With the market’s expansion, we’re witnessing the emergence of more industry-specific coverage options and proactive services.
Ross, Andrew. 2023. “Cyber Insurance: A Comprehensive Guide to Cyber Liability Insurance.” Information Age, March 10. READ FULL ARTICLE: https://bit.ly/3sipX5c