Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums

Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums

A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on premiums.

EP. 103: Managing Digital Risks in the High-Net-Worth Space - Insurance Journal TV

In this episode, Jason Ott, President of Aon Private Risk Management, and Diane Delaney, Executive Director of the Private Risk Management Association, spoke about the biggest cyber risks faced by high-net-worth individuals and how insurers can help navigate them. From social engineering scams to fraudulent electronic fund transfers, the risk environment is every changing. These two guests unpack the critical distinctions between cyber and crime…

A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY

Bloomberg: A recent surge in high-profile cyberattacks is boosting cyber insurers' prospects, with global premium volume expected to hit ~$30B by 2030, growing at 10% YoY  —  A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash …

KT Corporation Launches Free Anti-Phishing Insurance Amid Rising AI-Based Cyber Threats

South Korean telecommunications giant KT Corporation has launched a complimentary insurance program protecting customers against phishing and hacking incidents, building on the company’s existing cybersecurity infrastructure that includes its AI-powered authentication services. The program provides six months of free coverage as part of the company’s efforts to strengthen cybersecurity measures for its user base. The initiative responds to a doc…