Security News > 2024 > September > Cyber insurance set for explosive growth

Cyber insurance is poised for exponential growth over the coming decade, but it remains a capital-intensive peril that requires structural innovation, according to CyberCube. The mid-range projection suggests that the US standalone cyber insurance market could reach $45 billion in premiums by 2034, a fivefold increase from today. Cyber insurance is projected to snowball However, product innovation will be required to achieve real growth in exposures rather than mainly rate increases, as seen in recent … More → The post Cyber insurance set for explosive growth appeared first on Help Net Security.

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https://www.helpnetsecurity.com/2024/09/13/cyber-insurance-exponential-growth/