Cyberattack Surge Creates Opportunity, Premium Rethink For Insurers - Cybernoz - Cybersecurity News

Cyberattack Surge Creates Opportunity, Premium Rethink For Insurers - Cybernoz - Cybersecurity News

Bloomberg reports that 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. As artificial intelligence makes attacks more widespread and devastating, Munich Re expects the global cyber insurance market to reach $16.3 billion in 2025, up from $15.3 billion in 2024. Global premium volume is expecte…

Cyberattack Surge Creates Opportunity, Premium Rethink for Insurers

This week in cybersecurity from the editors at Cybercrime Magazine Sausalito, Calif. – May 29, 2025 – Read the full story in Bloomberg Bloomberg reports that 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. As artificial intelligence makes attacks more widespread and devastating, Munich Re e…

The Continued Proliferation of AI Exclusions

Risk professionals and insurers alike continue to monitor the rapid evolution and deployment of  artificial intelligence (AI). With increased understanding comes increased efforts to manage and limit exposure. Exclusions to coverage offer insurers potentially broad protection against evolving AI risk. Most recently, one insurer, Berkley, has introduced the first so-called “Absolute” AI exclusion in several specialty lines of liability coverage, …