Cyber insurance has evolved over the years. Its evolution represents the shifts in risks and the advancements in technology, and of course regulatory changes along the way.
The insurance market is lacking proper cyber education
The insurance industry has reached a crossroad. On one hand, with over 30% compound annual growth for cyber premiums over the last five years, cyber insurance has become the fastest growing insurance market, while on the other hand, the vast majority of insurance professionals don’t know how to deal with such a complex insurance product, […]
Here is why cyber insurance premiums will increase in 2021
The cyber insurance market is going through uncertain times that require serious retrospection, which may result in price rises and hardening of insurance conditions. In this article, we will examine the shifts that took place in this market and how insurance companies and their clients are coping with this change.