CyberCube’s Post

The cyber insurance market is constantly growing, yet a significant proportion of cyber risks remain uninsured. Although there is a huge demand for insurance, 87% of global decision makers believe their companies are not adequately protected against cyberattacks. Learn more here! https://lnkd.in/gzdhrHXe

How do we square these two statements? 1: "Insurance premiums to protect companies against cyber attacks rocketed in 2021 and 2022, as the COVID-19 pandemic drove cyber incidents. But premiums have been dropping in the past year, according to the annual Howden report. The cyber insurance market saw double-digit price reductions in 2023/24, Howden said." 2: "recorded ransomware incidents rose 18% in the first five months of 2024 compared with a year earlier, the report said." https://lnkd.in/e_ren8fF

The escalation of cyber risk requires businesses of all sizes to change how they are doing business. With the increased costs of claims, many businesses are not aware of their true financial risk at stake with a cyber claim. Our HUB team can quantify an individual entity's financial risk to help organizations build out a customized cyber insurance program to protect their bottom line. Are you ready?

😎 "Yes, It Is Possible To Save Money On Cyber Insurance,"! Check-out our blog on how It talks about how organisations can use (CRQ) Cyber Risk Quantification, to position and negotiate better terms with insurance Underwriters. Learning the benefits about our CRQ platform, especially in the context of cyber insurance! #CRQ #cyberriskquantification #financialimpact #informeddecisions #informeddecisionmaking #threats #vulnerabilities #quantify https://lnkd.in/eA2F2svC

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA

With the adoption of AI in the insurance industry, cyber insurance is a must have for businesses. In an interview with Insurance Business America, Denise Perlman, CIC of Marsh McLennan Agency, discussed the growing importance of cybersecurity and how to protect your business from cyber threats. #AI #Cyber #Insurance #Risks #MarshMMA