Insurance Journal

JULY 14, 2024

By Chad Hemenway According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a “stable” outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report …

Cyber 130

Cyber Premium Insurance Insured 130

Zywave

AUGUST 6, 2024

According to the Insurance Information Institute, global cyber premiums are expected to rise as high as $23 billion by 2025. Experts also expect that over half of the global written premium will be represented by US-based companies. That starts thinking about how you can most effectively expand your cyber distribution efforts.

Cyber 98

Cyber Premium Broker Marine 98

Zywave

NOVEMBER 13, 2024

Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.

Cyber 97

Cyber Policyholder Insurance Insured 97

Insurance Journal

NOVEMBER 22, 2024

Global non-life premiums are expected to hit a decade-high growth level of 4.3% “Premium rates are now moderating, … in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma.

Life Insurance 278

Life Insurance Premium Claim Risk 278

Insurance Journal

AUGUST 20, 2024

Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …

Commercial 279

Commercial Commercial Property Broker-Agent Premium 279

Cowbell

APRIL 16, 2025

Protecting your business from cyber threats is a full-time job. Cyber resiliency is not easily attainable and cannot be achieved with a single tool, such as endpoint detection. Q3: I have cyber insurance. A3: Cyber insurance is an essential safety net , but it doesnt prevent breaches. Why do I need this?

Cyber 52

Cyber Risk Premium Protection 52

Zywave

MARCH 20, 2025

Notable achievements from the past year include: Helping customers grow through industry expertise: Zywave hosted four impactful thought leadership conferences: Casualty Insights; Cyber Risk Insights (London and New York); and the Cyber Risk Awards. In Commercial Lines, quote volume within MGA Hub increased 27% YoY.

Cyber 52

Cyber Broker Premium Risk 52

Zywave

NOVEMBER 5, 2024

Increase your agency’s revenue and improve client satisfaction by delivering impactful cyber policies and premiums to your clients. Decreasing the time it takes to quote cyber insurance will allow your team to focus on scaling up your business revenue by writing more business.

Cyber 52

Cyber Premium Policy Insured 52

Mark Jackson Insurance Agency

JUNE 16, 2025

Choosing the Wrong Deductible It’s tempting to choose a higher deductible to lower your premium, but that can backfire in the event of a claim. For example, professional services, cyber threats, and employee-related claims may require separate coverage. Conduct regular reviews to update building, contents, and inventory limits.

Commercial Insurance 52

Commercial Insurance Commercial Deductible Out-Of-Pocket 52

Zywave

NOVEMBER 6, 2024

Data embedded into quoting workflow provides exclusive insights into coverage levels using industry data and loss profiles Leading insurtech provider Zywave today announced a first-of-its-kind enhancement to its Cyber Quoting solution with the addition of embedded benchmarking. Comprised of over 400,000 insurance programs incepted by U.S.

Cyber 52

Cyber Broker-Agent Broker Commercial 52

ProWriters

NOVEMBER 18, 2024

After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. However, Fitch Ratings warned that these gains wouldn’t likely hold through 2024, especially as lower premiums and increased litigation strained the sector.

Premium 101

Premium Cyber Insurance Insured 101

ProWriters

JANUARY 3, 2024

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. This rise in D&O claims is expected to push premiums upward as insurers recalibrate risk assessments.

Premium 52

Premium Insurance Insured Insurer 52

Zywave

JUNE 5, 2025

This exclusive event, an expansion of Zywaves highly regarded thought leadership series, will bring together capacity providers, wholesalers, and retail brokers to challenge the distribution status quo and explore proven premium growth strategies in todays complex and competitive insurance market.

Broker 52

Broker Premium Commercial Insurance Commercial 52

Distinguished

FEBRUARY 24, 2025

Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches. Cyber liability insurance: Protects restaurants against the financial fallout of data breaches and cyberattacks.

Liability 52

Liability Liability Insurance Insurance Insured 52

Cowbell

AUGUST 20, 2024

He expanded API premium across multiple business lines through key partnerships within the insurance ecosystem. The post Cowbell Welcomes Jeff Ritchie and Dan Johnson appeared first on Cowbell Cyber. These key hires will be instrumental as we continue to grow and scale our global operations.

Cyber 105

Cyber Insurance Broker Underwriting Underwriter 105

Triple-I: Business Insurance

APRIL 4, 2024

Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. Gross direct written premiums climbed to USD 13 billion in 2022.

Financial Loss 52

Financial Loss Cyber Crime Risk 52

Protect Commercial Insurance

APRIL 11, 2025

– Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks. – Specialisation : Some insurers specialise in certain industries, which could offer you tailored coverages and possibly better premiums. – Claim Process : Investigate how insurers handle claims.

Commercial Property 52

Commercial Property Property Insurance Commercial Insurance 52

Zywave

DECEMBER 18, 2024

Our ultimate goal is to help insurers grow more profitably and help brokers increase premium in fast-changing coverage areas while also enabling insurance buyers to have better renewals. Cyber Risk Insights Conference London April 2, 2025 This acclaimed conference is back for the 12 th year with a single-day, multi-track event in London.

Insurance Industry 52

Insurance Industry Cyber Broker-Agent Insurance 52

Cowbell

AUGUST 26, 2024

As cyber insurers move upmarket, they are increasingly encountering prospects that either already have or are considering purchasing an enterprise software license like the Microsoft E5 license. This results in lower premiums, better coverage, and higher policy limits.”

Cyber 59

Cyber License Insurance Insured 59

Distinguished

MAY 19, 2025

Cost-Efficient Coverage By combining these key protections under one policy, restaurants may save on premiums and reduce the administrative burden of managing multiple policies. Distinguished offers competitive pricing with low minimum premiums and flexible quoting. How Much Does Business Owners Policy Insurance Cost?

Policy 40

Policy Business Owners Policy General Liability Liability 40

Scott Insurance

DECEMBER 10, 2021

High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial Pipeline ransomware attack have highlighted increasing cyber risk for nearly every type of business. Businesses across all industry segments are subject to these trends.

Cyber 52

Cyber Deductible Liability Insurance Liability 52

Majesco

FEBRUARY 13, 2025

Today’s insurance customer is under pressure and assault from every angle: Cyber criminals are using data breaches to access bank accounts and credit. Unsafe driving, inflation, and auto repair costs are responsible, in part, for rising premiums. We can see how insurance premiums are affecting the gulf coast and now, California.

Risk 52

Risk Insurance Insured Insurer 52

Zywave

MAY 19, 2025

Types of loss encompass cyber, data breaches, ransomware, and liability. In this intensifying risk trajectory, outperformance wont come from raising premiums, acquisitions, or continuing with business as usual. Causes of loss include climate, agriculture, pollution, fraud, and pandemics. Todays models are built for a bygone era.

Broker-Agent 52

Broker-Agent Broker Risk Agents 52

Protect Commercial Insurance

SEPTEMBER 6, 2024

The Rise of Cyber Insurance As cyber threats become more sophisticated and frequent, the demand for cyber insurance has skyrocketed. In 2024, expect cyber insurance policies to become more comprehensive and tailored. Increasingly, insurers are offering bespoke solutions tailored to the unique needs of each business.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Zywave

MAY 15, 2025

Ernst & Young predicts embedded insurance transactions could account for 30% of the total by 2028, while Deloitte recently cited expectations for embedded gross written premiums to reach $700 billion globally by 2030. In the tech sector, cyber coverage, for example, often accompanies cloud computing services. Threat or opportunity?

Broker 52

Broker Insurance Insured Insurer 52

Tosten Marketing

MARCH 3, 2025

For example, if a new type of cyber insurance policy gains traction, explain how it could benefit your clients. Always get client permission before sharing their stories and consider offering an incentive (like a small discount on their next premium) for allowing you to feature them. A mix of informative and practical posts works best.

Insurance Agency 52

Insurance Agency Insurance Insured Insurer 52

Protect Commercial Insurance

NOVEMBER 22, 2024

While it might sound complicated, this actually means your premium is tailored to fit your needs, ensuring you don’t overpay for unnecessary coverage. Bundling different types of coverage—think of it as grouping all your essential services in one place—can also help reduce premiums. Each policy has specific inclusions and exclusions.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurance 52

Protect Commercial Insurance

DECEMBER 6, 2024

Cybersecurity Threats In our increasingly digital world, businesses face a barrage of cyber threats. With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide. To boot, developing a proactive approach is key.

Commercial Insurance 52

Commercial Insurance Commercial Insurance Insured 52

Zywave

OCTOBER 9, 2024

In 2023, Zywave saw a 20% increase in quoting volume within CPQ solutions across all lines of business, resulting in an estimated $76B in facilitated premium. In 2024, it also launched Cyber Quoting, expanding the distribution opportunities for a quickly growing market.

Insurance Industry 52

Insurance Industry Broker-Agent Cyber Premium 52

Jackson & Jackson

MAY 23, 2024

Companies that rely heavily on technology and data storage may also benefit from cyber liability insurance to safeguard against data breaches and cyberattacks. As a result, insurance premiums tend to be higher in California compared to other states. Start by conducting a detailed review of your business operations.

Small Business Insurance 52

Small Business Insurance Business Insurance Insurance Insured 52

Protect Commercial Insurance

OCTOBER 25, 2024

Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance. For example, if you’re in the tech industry, you might need special cyber risk coverage.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Protect Commercial Insurance

SEPTEMBER 13, 2024

Whether a business needs liability insurance, property insurance, or specialised coverage like cyber insurance, brokers can offer a suite of options to consider. Their in-depth understanding of insurance jargon and market dynamics equips them to advocate for better terms and premiums, trickling down significant cost savings.

Commercial Insurance 52

Commercial Insurance Broker Commercial Broker-Agent 52

Jackson & Jackson

MAY 22, 2024

For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums. Additionally, factors like proximity to high-risk areas, building age, and the property’s history of claims can affect insurance premiums.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurance 52

InsuredMine

OCTOBER 25, 2024

Climate change, cyber threats, and shifting demographics are introducing new challenges that demand innovative solutions. From auto insurance that charges by miles driven to health insurance premiums adjusted based on lifestyle choices, UBI represents a shift toward more equitable and personalized insurance pricing.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

Majesco

FEBRUARY 15, 2024

Whether it’s travel, aviation, marine, cyber, or any other specialized field, the ability to accurately assess and rate risk is paramount. Carriers must balance speed and accuracy to deliver precise risk evaluation, with the expectation and result of comprehensive and fair premium pricing for both the insurer and its policyholders. Let’s

Policyholder 40

Policyholder Broker-Agent Risk Broker 40

Majesco

JANUARY 9, 2025

And while the industry’s core business model of premiums, claims, reserves, and capital is not changing, how we think about the operating model and technology foundation must change. Past Trends A Precursor to the Future Throughout history, people have tried to forecast the future to gain strategic advantages.

Insurance 45

Insurance Insured Insurer Risk 45

Distinguished

MAY 13, 2025

Cyber liability : A policy designed to cover the costs associated with cybercrime and data breaches. You can add on high-limit hotel umbrella insurance (limits up to $145 million) and cyber liability so your clients get the comprehensive hotel insurance coverage they need. Still have doubts? Amenities need to be considered as well.

Broker 52

Broker General Liability Liability Insurance 52