Factsheet “Annual Review” (2023)
Cyber Insurance 2023: Rising Revenues despite Higher Losses
After the digitalisation push of the Covid years and the turning point of 2022, the year 2023 was characterised by hardened fronts and new conflicts such as the war in the Middle East. Apart from the fragile geopolitical situation, technical innovations such as advances in the field of generative artificial intelligence caused a commotion. These developments have also influenced the area of cyber security and are relevant for cyber insurance.
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Factsheet “Annual Review” (2022)
Cyber insurance 2022: increasing volume and growing challenges
After the crisis is before the crisis: no sooner had the pandemic officially ended than the next global disruption began with the Russian attack on Ukraine. This was accompanied by a wave of cyber attacks, which were increasingly directed against critical infrastructures. This was one of the reasons why the premiums for cyber insurance skyrocketed. At the end of the year, however, the price spiral slowed down again, and in the US market there are even signs of overcapacities in the insurance supply. At the same time, other types of risk, especially those from the sustainability complex, are increasing in importance. What security risk do cloud servers pose? And what is the relationship between cyber and ESG risks? Read more in the cysmo® Annual Review. Fill out the form below and you will immediately receive the download link for the factsheet.
Factsheet “Annual Review” (2021)
Cyber insurance 2021: increased claims frequency and higher claims volume
In 2021 cyber crime developed only in one direction: unchecked ahead. For example, zero-day exploits against Microsoft Exchange servers in January and the Log4J logging library at the end of the year made the vulnerability of susceptible IT systems abundantly clear to the business community. However, the massive reactions to limit the damage give reason for hope. What are the consequences of these and other attacks for insurers and how can they support their insurance holders in protecting themselves against attacks? Read more in the cysmo® Annual Review. Fill out the form below and you will immediately receive the download link for the factsheet.
Factsheet “Annual Review” (2020)
Everything but boring: cyber insurance 2020
Cyber policy sales were severely slowed down early in the year by the coronavirus, got back on track with the help of hybrid sales approaches and are again facing difficult times in mid-December. Read more about this roller coaster ride, the pitfalls of the IT change to home office and why 2020 was almost like a gold rush for hackers in the cysmo® Annual Review. Fill out the form below and you will immediately receive the download link for the factsheet.
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Efficient assessment of cyber risks
How insurances improve the calculation base for risk assessment
Global networking and the digitisation of products, services and our everyday life also leads to a greater risk of cyber attacks – with immense follow-up costs for all affected parties. Nearly all companies are potentially at risk. This leads to a corresponding rising demand in cyber insurance. To raise their market potential, insurers need an analysis tool that enables a fully automated reliable risk assessment in real time.
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