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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

Email compromise, cryptocurrency fraud, and ransomware increase In addition to record-high financial losses from cybercrimes overall in 2023, the report revealed trends across crime methodology and targets. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders.

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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

As war is driving cyber security concerns around the globe, more organizations are turning to Cyber Insurance for protection. Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. Merck won an appeal against and ultimately settled the coverage dispute with its insurers.

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Is your Agency Climate-Ready for 2025? The Role of insurtech on Risk Management

InsuredMine

Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon. This is further compounded by the fact that many of the financial losses caused by these disasters are uninsured, leaving customers, businesses, and governments to pick up the bill.

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Is Your Website Safe? How To Stay Secure Amid Increasing Cyber Threats

Neilson Marketing Services

For businesses in the insurance sector, which handles vast amounts of sensitive client data, this threat is especially menacing. A single breach could lead to devastating consequences, including financial losses, legal liabilities, damage to your reputation, and the potential loss of client trust.

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Emerging Trends in Commercial Insurance: What to Watch Out for in 2024

Protect Commercial Insurance

The Rise of Cyber Insurance As cyber threats become more sophisticated and frequent, the demand for cyber insurance has skyrocketed. Companies of all sizes are increasingly targeted by cybercriminals, and the consequences can be devastating—from financial losses to reputational damage.

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How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Storms Cause Huge Insurance Payouts Other storms, including Storms Ciarán and Henk, contributed to insurers paying out £1.4 The insurance industry has had to adjust premiums to reflect this growing risk.

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The Evolution of Commercial Insurance: Key Trends to Watch in 2025

Protect Commercial Insurance

This era gave rise to specialised insurance products, covering factories, railways, and an expanding workforce. By the 20th century, the insurance industry began to reflect broader societal shifts. With rapid advancements in machinery and transportation, businesses faced new categories of risk.