Cyber Insurance

By improving your overall security profile and demonstrating a low risk profile, you’ll be able to negotiate lower cyber insurance premiums and enjoy long-term savings.

An increase in cyber attacks and claims is challenging for the cyber insurance business. Insurers have made changes in response: narrowing the parameters for coverage, increasing prices, and introducing new requirements for cover.

Cyber insurers have struggled to assess and quantify the risk they are underwriting. The only way the cyber insurance industry will be able to support the market's growing demand is through trust and transparency built upon quantifying digital risk through sound data science principles.

Cyber insurance premiums have jumped 73% in the U.S alone. Greater specificity over what is (and what is not) covered has become a feature of many updated policies, as has the expectation that companies need to have greater cybersecurity hygiene in place in order to qualify for insurance.