Broadstone’s Post

The cyber insurance market is poised for significant growth over the next several years as cyberattacks continue to grow in number and sophistication, with the potential to cause major financial and reputational damage and disrupt business operations, according to a new report from Moody's Ratings.

Oliver Brew discusses the evolution of cyber risk and the cyber insurance and reinsurance markets over the past 2 decades. #cyberinsurance

The global cyber insurance and reinsurance market is projected to sustain its profitability through 2025, according to insights from S&P Global Ratings. https://hubs.la/Q02ZWYCv0

The global cyber insurance and reinsurance market is projected to sustain its profitability through 2025, according to insights from S&P Global Ratings. https://hubs.la/Q02ZW8D40

“I think the first dominant challenge in cyber insurance today is the topic of systemic risk." — Shawn Ram, Head of Insurance Find out why systemic risk and today's remote cyber environment are the top challenges in the cyber insurance market in Reinsurance News. Bonus: Shawn also highlights the positives and negatives of AI in the reinsurance market.

EXCLUSIVE: The cyber insurance market is divided over how useful two UK state-backed cyber reinsurance programs proposed by Pool Re, aiming to narrow the cyber protection gap, will be. #cyberinsurance #insurancenews

Bermuda’s Cyber Insurance Market Growth Amid Rising Cyber Risks – Bermuda Monetary Authority Report Read it: https://lnkd.in/gTb4jtJA #cyberinsurance #cyberliabilityinsurance

The global cyber insurance and reinsurance market is projected to sustain its profitability through 2025, according to insights from S&P Global Ratings. https://hubs.la/Q02ZWVzv0

Broadstone’s latest Insurance Risk Monitor suggests that the CrowdStrike event challenges the cyber insurance market’s conventional focus on malicious actors, highlighting an opportunity to offer more comprehensive coverage for non-malicious losses.

🤖 Cyber Risk Insurer: November 2024 edition now available to download! The lead article rounds up the biggest takeaways from Zywave’s Cyber Risk Insights conference earlier this month. Speakers suggested that cyber insurance pricing may flatten next year amid growing frustration with the soft market. Tech E&O was also highlighted, with some suggesting these claims are doing more damage than realised and that carriers may be letting their competence in this area slip. Read here – only available to subscribers👇 https://lnkd.in/g79rJ_RH Hear from: 👾 At-Bay’s Rotem Iram 👾 QBE Insurance’s Dominic Keller, CISSP 👾 Coalition, Inc.’s Chris Hendricks 👾 Westfield Specialty (International)’s Jeff Kulikowski 👾 QBE Insurance’s Serene Davis 👾 Marsh’s Gamze Konyar 👾 Sompo’s Ralph Brand + Much more Get in touch with Michael Loney, James Thaler, and Mia MacGregor for story ideas, scoops and market intelligence: 📩 michael.loney@tr.com 📩 james.thaler@tr.com 📩 mia.macgregor@tr.com Our partners: AdvantageGo | Allied World | Aon | Arch Insurance International | AXIS (AXIS Capital) | Corvus Insurance | CRC Insurance Services | Howden Re | INSUREtrust | Liberty Mutual Insurance | Moody's | NetDiligence® | Ryan Specialty | RT Specialty | Sompo #CyberRiskInsurer #cyber #cyberinsurance #insurance #reinsurance