UnitedHealth Group claims a recent ransomware attack on subsidiary Change Healthcare led to vast amounts ...
U.S. Cyber Insurance Maintains Strong Profits; Premium Growth Slows
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
PR / 9 days ago
US Cyber Insurance Sharp Price increases, Profit Improvement to Moderate
Cyber insurance is the fastest growing market segment in US property and casualty (P/C) insurance, with direct written premiums in up 51% yoy in 2022...
Cyber insurance is the fastest growing market segment in US property and casualty (P/C) insurance, with direct written premiums in up 51% yoy in 2022...
PR / 12 months ago
US Cyber Insurers See Favorable Premium Growth, Results in 2023
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023; however, pricing will likely moderate further this year in response to recent...
The US cyber insurance market is anticipated to maintain favorable premium growth and underwriting results through 2023; however, pricing will likely moderate further this year in response to recent...
PR / 1 year ago
Cyber Insurance Premium Hikes to Support Returns Amid Rising Claims
Market expansion for cyber insurance, a rapidly growing product line of the global property casualty (P/C) insurance industry...
Market expansion for cyber insurance, a rapidly growing product line of the global property casualty (P/C) insurance industry...
Article / 2 years ago
US Cyber Insurance Payouts Increase Amid Rising Claims, Premium Hikes
Cyber insurance has become the fastest growing segment for U.S. property/casualty (P/C) insurers as evolving threats have boosted demand for coverage...
Cyber insurance has become the fastest growing segment for U.S. property/casualty (P/C) insurers as evolving threats have boosted demand for coverage...
Article / 2 years ago
US Cyber Insurance Sees Rapid Premium Growth, Declining Loss Ratios
Cyber insurance is the fastest growing product segment in the U.S. property/casualty (P/C) insurance market...
Cyber insurance is the fastest growing product segment in the U.S. property/casualty (P/C) insurance market...
Article / 2 years ago
Market Volatility Is Ukraine War’s Main Risk for European Insurers
The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility...
The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility...
Article / 2 years ago
Mitigation Efforts Won't Stop Cyber Damage and Related Rate Hikes in 2022 - Carrier Management
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022...
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022...
Article / 2 years ago
Property Cat Reinsurance Rates to Rise Double-Digit at Renewals
Fitch Ratings expects reinsurance rates to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports the improving sector outlook for 2022...
Fitch Ratings expects reinsurance rates to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports the improving sector outlook for 2022...
Article / 2 years ago
Rising Insurance Costs Add to US Public Finance Cyber Pressures
Without the ability to adequately transfer risk, public entities could face greater financial and reputational risks from cyberattacks, which could have negative credit implications...
Without the ability to adequately transfer risk, public entities could face greater financial and reputational risks from cyberattacks, which could have negative credit implications...
Article / 2 years ago