Cyber Insurance Market Insights, H1 2024
Snapshot
- Ransomware attacks continue to dominate the cyber threat landscape.
- Understanding trends and future projections in an evolving cyber insurance market is paramount to strengthening risk mitigation and transfer strategies.
- Risk managers should partner with brokers to help quantify cyber risks, understand claims activity and stay ahead of evolving threats.
Understanding market trends and future projections in an evolving cyber insurance market is paramount to strengthening risk mitigation and transfer strategies.
In our H1 2024 Cyber Insurance Market Insights report we examine the factors shaping the cyber risk landscape in Australia, including:
- Ransomware prevalence
- Expanding privacy and cyber security regulations
- The interconnected global exposures and the borderless nature of cyber risk
- An expanding third-party liability environment
- The emergence of AI and machine learning-driven cyber attacks
- Pricing and capacity in a competitive market environment
Download our full update to learn more about market movements, plus tips to make better cyber policy decisions.
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