Cyber ​​insurance premiums to double to $23 billion in three years

Privacy and Data Security Law

November 7, 2022 14:19

The cyber insurance market is growing rapidly, with global premium income expected to more than double to $23 billion by 2025. swiss reinsurance company.

Insurers around the world posted $10 billion in cyber premiums last year, but that’s only a fraction of the total losses from cyberattacks, the Zurich-based reinsurer said on Monday. said in a published study. Swiss Re, citing a recent survey, said he had only 55% of companies with cyber policies and less than 20% of companies with limits above the median demand for ransomware. says there is.

It’s been a tumultuous time since the outbreak of Covid-19…

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