The Cyber Risk Insurance market has been growing rapidly (see our prior post), and is now estimated at $2.5 billion for 2014. This market estimate is from a study entitled Insight Report: The Future of Cyber Risk Insurance by Timetric (see here & here). The report also estimated total global cyber crime losses at $445 billion. As the Insight Report notes, Cyber Risk Insurance (also called Data Breach Insurance, Privacy Insurance or Network Security Insurance) is an essential coverage to protect from data breaches and attacks of all types, and coverages is available at reasonable pricing for businesses of all types. Tennant Risk Services is a specialty wholesale broker and underwriting manager, and delivers expertise, markets and exemplary services to...
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