From two startups protecting against hackers to a small business insurer using AI to process applications quickly, six insurtech businesses made our Fintech 50.
Insurers doubled premiums in late 2021 to offset losses from ransomware claims. With attacks rising again, organizations can anticipate a new round of premium increases.
Insurance premiums for ransomware are getting more expensive, but organizations continue purchasing cyber-specific plans, according to research and industry experts.
Insurance pricing is cyclical. When loss ratios are sustainably higher, over time prices rise in response, creating a hard market. The last hard market in
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