82% of global insurers expect the rise in cyber insurance premiums to continue

A Panaseer survey of global insurers across the UK and US found that 82% are expecting the rise in premiums to continue, with 74% of insurers agreeing that their inability to accurately understand a customer’s security posture is impacting price increases. Insurers also see the increasing cost of ransomware as a leading factor (78%) affecting premium rises, with largest ransom pay-outs by insurers in the last two years averaging £3.26m in the UK and $3.52m … More →

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