Woodruff Sawyer's 2023 Cyber Looking Ahead Guide Details Issues Facing Cyber Insurance Buyers from Pricing to Legal Liability
The good news is that leading into 2023 it appears that the cyber insurance market is normalizing. After two years of price increases and a downturn in the frequency of ransomware attacks, insurance carrier loss ratios are healthier now. While that doesn't translate into decreasing prices, it does point to prices moderating.
From a regulatory standpoint, companies doing business in
At the same time, CISOs and C-Suite executives are increasingly liable for cybersecurity failures. While accountability isn't new, being held criminally liable is, making the need for comprehensive insurance coverage a must.
For deeper insights, advice, and our predictions for the cyber liability landscape in 2023, please join our free Cyber Insurance Trends: Looking Ahead to 2023 webinar on
As one of the largest insurance brokerage and consulting firms in the US,
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