Cyber-specific insurance fastest growing insurance category

30/05/2023 | SC Media

Insurance companies are not turning away from offering cyber insurance despite the perception that they are struggling to cover the costs of cyberattacks. In fact, according to SC Media, cyber-specific insurance has never been more popular. Companies are increasingly purchasing these policies, which can impact their cybersecurity plans and decision-making in the event of a cyberattack. Despite concerns about rising costs, the cyber-insurance industry is thriving and is currently the fastest-growing sector in the property/casualty insurance market.

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Digital Umbrella, Cyber insurance

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