TECH SUPPLIER Aug 2022 - IDC Survey - Doc # US49551622
Cyberinsurance Trends in 2022
This IDC Survey discusses the state of the cyberinsurance market, and the emerging trends are as follows:
- Cybersecurity is playing a major role in DX strategies with organizations increasing spend in cybersecurity.
- Cyberinsurance is being utilized by a slight majority of organizations worldwide with 70% required to have a separate policy for ransomware.
- Cyberinsurance premiums are expected to increase in 2023, and cyberinsurers continue to use self-assessment forms for 44% of organizations.
- The majority, 91%, of organizations need an assessment before buying cyberinsurance, and a number of cyberinsurers are leveraging cybersecurity service providers.