Direct written premiums for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. businesses paying about 56 percent of the total, according to the Triple-I latest Issues Brief. See also: Triple-I Issues Brief and Triple-I Blog.
The loss of personal data and operational obstacles caused by cybercrimes is a big concern to insurers. NAIC President Andrew Mais says cyber resilience should become part of the insurance industry’s matrix to protect consumers. See video: Cybercrimes & insurance protection; Articles: Cyber insurance can protect the future of your business or Cyber insurance: a key part of a robust business strategy.
To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.
REPURCHASE AGREEMENT /'REPO'- Agreement between a buyer and seller where the seller agrees to repurchase the securities at an agreed upon time and price. Repurchase agreements involving U.S. government securities are utilized by the Federal Reserve to control the money supply.
UNINSURABLE RISK- Risks for which it is difficult for someone to get insurance. (See Insurable risk )See Full Glossary
For immediate release West Coast Press Office: Janet Ruiz, 707-490-9365, firstname.lastname@example.org SAN FRANCISCO, Feb. Read More
For Immediate Release Contact: Michael Barry, 917-923-8245, email@example.com NEW YORK, Feb. 7, 2024—Direct written premiums for cyber insurance worldwide could rise to $23 billion by 2025, with U.S. Read More