Thu, 9th Jan 2025

In this episode of 'Insurance News Wrap', host Paige Estritori discusses how the concept of catastrophe bonds is revolutionizing the field of cyber risk management. With cyber insurance premiums soaring from $1.5 billion in 2013 to $15 billion in 2020, this strategic approach, still in its early days, seems promising for the future of cyber insurance despite ongoing challenges in determining adequate coverage. The episode also delves into a recent case of insurance claim resolution involving insurer QBE and a claimant over a lost gold necklace, emphasizing the importance of understanding insurance policy terms and consumers taking control of their coverage to ensure it suits their needs.