Need cyber insurance? Beef up security as coverage gets more costly, demanding

Why This Topic Matters

Cyber insurance is becoming more expensive and selective, so organizations need to understand what insurers are looking for and how their own security posture may affect coverage, premiums, and available limits. The article is relevant for decision-makers who manage risk, privacy, compliance, and incident response planning.

Article Sections

1. Cyber insurance market trends

   An overview of how ransomware activity is affecting the cyber insurance market, including pricing pressure and changing insurer behavior. The section frames the broader insurance environment for health care and other businesses.

2. What do insurers want?

   A discussion of the types of cybersecurity information insurers may request when evaluating applicants. It focuses on the general areas of security preparedness and operational controls that affect underwriting.

3. What should you ask for?

   Guidance on considering policy structure, coverage scope, and supplemental coverage when evaluating cyber insurance options. The section also touches on vendor selection and the role of broker support.

4. 3 more tips on cyber

   Additional practical considerations for managing cyber insurance over time, including periodic review, change management, and optional support services from carriers.