The results of this survey will help provide insight into the continuously evolving cyber insurance market landscape, and arm you and your clients with the data needed to navigate this dynamic market.
The Council of Insurance Agents & Brokers released today the findings of its third semi-annual Cyber Insurance Market Watch Survey. Eighty-eight (88) respondents from 66 unique firms participated in the survey and provided insights on all aspects of the cyber insurance market from take-up, to premiums and sophistication of their clients’ cybersecurity programs.
We have shared the complete results and also provided an update on the NAIC’s latest efforts around cybersecurity and the Department of Homeland Security’s efforts to encourage the establishment of a cyber incident data repository.
The Council of Insurance Agents & Brokers has completed its second semi-annual Cyber Insurance Market Watch Survey. Results for the past six months were largely consistent with results from the second and third quarters of 2015.
The average take up rate for cyber insurance is 24 percent across U.S. business, according to results released today from The Council of Insurance Agents & Brokers’ new biannual Cyber Insurance Market Watch Survey. Survey results showed that small and medium-sized businesses still have a mindset that because they are smaller or don’t store personally identifiable information, their business is not likely to experience disruption from a cyber incident.
NEWS RELEASE – FOR IMMEDIATE RELEASE Contact: Brianne Spellane Director of Communications 202.662.4303 brianne.spellane@ciab.com THE COUNCIL LAUNCHES NEW CYBER INSURANCE MARKET WATCH; SHOWS COVERAGE FOR CYBER RISKS IS EVOLVING BUT
The average take up rate for cyber insurance is 24 percent across U.S. business, according to results released today from The Council of Insurance Agents & Brokers’ new biannual Cyber Insurance Market Watch Survey.
