Why are providers concerned about writing cyber security insurance policies?
- From a business perspective: hard to ascertain the right information necessary to build the mathematical models to assign risk
- From a state policy perspective: the more cyber security laws that pass, the more attractive cyber insurance is
How much have policies increased since 2015? Total $2 billion last year, up 26% according to Moody’s Investors Service
3 Industries buying the most cyber policies: education, hospitality and retail industries
CyberScoop | Demand for cyber insurance grows as volatility scares off some providers