For several years, businesses have seen rising cyber insurance costs as cyberattacks became more frequent and dangerous. Read more
With the introduction of digital tools and internet-connected machines, the construction sector has become a prime target for hackers. Construction companies often prioritize insurance against physical risks—accidents, broken equipment, project delays, etc, but now, they must consider cyber insurance to keep their projects running smoothly. Cyber insurance isn’t just an extra layer of protection—it’s a necessity for keeping businesses safe.
The 2021 Suez Canal blockage was a stark reminder of how interconnected the global economy is and how unexpected events can have ripple effects across industries. The Ever Given, a massive container ship, became lodged in the canal, halting nearly 12% of global trade for six days. This incident highlighted vulnerabilities in supply chains and underscored the importance of having comprehensive insurance coverage. Read more
Artificial intelligence (AI) and identity security make cyber insurance more responsive. They allow providers to assess risks more accurately, prevent fraud, and offer smarter coverage.
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