target audience: TECH SUPPLIER  Publication date: Mar 2024 - Document type: IDC Survey Spotlight - Doc  Document number: # US51949024

Have Cyberinsurance Premium Increases Finally Slowed Down?

By:  Philip D. Harris, CISSP, CCSK Loading

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Abstract


This IDC Survey Spotlight highlights the results of a recent IDC survey regarding trends in cyberinsurance premium increases in the market, and the following trends emerged:

  • Pre-pandemic cyberinsurance premiums had moderate increases.
  • Post-pandemic cyberinsurance premiums had notable increases.
  • Pandemic-related causes for dramatic premium increases include a spike in ransomware attacks.


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