As in every battle, there is one attacker and one defender. Rapid technological advancements have allowed for preventing cyber attacks, but also causing new issues. Since 2018, cyber incidents have been the leading risk to businesses worldwide. Data breach incidents, business email compromise, crisis management, and ransomware are the primary global cyber insurance claims.
Preventing even one ransom claim, amounting to $270k for SMEs and over $12m for large corporations, can drive a big improvement in the loss ratio and increase profitability. Simultaneously, cyber insurance opens up new opportunities for brokers to capitalize on policies and speed up renewals. The new battleground offers tremendous opportunity - both for saving and capitalizing. But how will the future of cyber insurance be shaped? Will we ever be able to safely protect our information?
Tune in to this webinar to hear industry experts discuss the opportunities in cyber insurance, future threats, and how we can ensure the security of our data.