U.S. businesses spent more than $2 billion for cyber insurance last year as interest in this coverage grew dramatically following numerous high profile data breaches. Some estimates, including one from PwC, suggest the cyber insurance market could more than triple to $7.5B in premiums by 2020.
More than 60 carriers now offer stand-alone cyber insurance policies, and the I.I.I. has a new white paper (link below) that takes a look at where the threats are coming from and the challenges cyber insurers face in writing this coverage given the rapidly evolving nature of cyber attacks.
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More than 60 carriers now offer stand-alone cyber insurance policies, and the I.I.I. has a new white paper (link below) that takes a look at where the threats are coming from and the challenges cyber insurers face in writing this coverage given the rapidly evolving nature of cyber attacks.
I hear a
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