article thumbnail

Cyber Insurance Market Size Expected to Soar: Munich Re

Insurance Journal

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 In “Cyber … billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023.

Cyber 278
article thumbnail

Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo

Insurance Journal

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …

Cyber 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments

Insurance Journal

New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments. The Cohesity Global Cyber Resilience Report 2024, which polled over 3,100 IT …

Cyber 324
article thumbnail

Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz

Insurance Journal

Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware attacks, data breaches and IT outages, is the top global risk for 2025, …

article thumbnail

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Insurance Journal

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers tech E&O coverage for clients …

Cyber 147
article thumbnail

Cyber Security and Risk Mitigation

Insurance Journal

Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more. Just last …

Cyber 298
article thumbnail

Vienna Insurance Group Launches Specialist Cyber Security Company

Insurance Journal

Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce cyber risks and to prevent and …

Cyber 263