Cyber Insurance Changes + How They Will Affect Your Business

by | May 26, 2022 | Risk Management

A lot has changed over the last few years. The pandemic changed the way we work. Technology advances made it easier for companies to embrace remote work. But the other side of the coin is the rise in cyber-related attacks against businesses.

Ransomware attacks rose 13% over the past year, according to the 2022 edition of the Verizon Data Breach Investigations report. In 2020, the National Association of Insurance Commissioners (NAIC) reported a cybersecurity insurance market increase of 29.1% over the previous year, highlighting the growing risk of cyberattacks.

There are some trends governing the cyber insurance industry, including:

  • The rising costs of premiums
  • Increased emphasis on risk management
  • More focus on your “weakest” vendor
  • More than a few options for insurance policies
  • Cybercriminals getting smarter

Recently, ZAG President Greg Gatzke and Danny Bozzuto of Bozzuto & Associates Insurance Services discussed these trends with Produce Blue Book (you can read the full article here). But now, we’re offering you the chance to ask questions and learn more.

Join us for our next seminar “Cyber Insurance: Trends That May Impact Your Company’s Coverage,” at 10 a.m. Pacific on Thursday, June 9. This is your opportunity to ask questions of Danny, who is a true expert and can offer insights into how the industry is changing and how you can navigate what’s coming next.

Register Now

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