Reading between the lines of a cyber insurance policy
Enterprises in regulated industries often carry cyber insurance policies because contracts require it or boards ask for documented risk transfer. The global market for these policies reached about $16 billion in premiums in 2024. Coverage has become widespread. Payouts have grown less predictable. The gap between exposure and coverage The Global Federation of Insurance Associations, which represents insurers accounting for close to 90 percent of premiums worldwide, quantified the cyber protection gap at about $900 … More
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