Cyber Insurance Market
Cyber Insurance Market is delightful paradox where businesses shell out big bucks to protect themselves from the very technology they can’t live without. It’s like buying a guard dog that might bite you if you forget the safe word.
The market has grown from a niche product to a multibillion-dollar industry, proving that there’s nothing like a global digital pandemic to open up wallets. By using data to drive policy underwriting, cyber insurance companies can now offer coverage without a price tag that drives customers away?
In 2024, after years of rising premiums and capacity constriction, the cyber insurance market decided to surprise everyone by softening conditions. But don’t get too excited, there’s still an underlying concern about systemic cyber risk not covered by premiums.
Unpacking in more detail
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