Legalign Global™’s Post

This year we expect to see a new emerging trend in data breach claims. We've just released the details of this trend in our 2024 Data, Privacy and Cyber predictions, as well as over 160 predictions on the full spectrum of insurance risks, to support the global insurance market in preparing for the challenges ahead.   Take a look at all the predictions our insurance experts are making here: https://bit.ly/3tYgfpc

There isn’t a more dynamic or fast-paced part of the insurance industry than cyber. While that gives providers a chance to innovate, it also means the bar is continually moving.  This year’s winners of Insurance Business America’s 5-Star Cyber 2024 stood out for empowering brokers with tools to understand the risk better and showcase their expertise and stability to clients. Read the full report and meet the firms at the leading edge diligently protecting clients in a rapidly changing landscape. https://hubs.la/Q02ymN8Z0

We anticipate cyber insurance premiums to hold steady this year and U.S. regulation of cybersecurity to expand. Discover key insights on market stabilization, emerging threats, and regulatory shifts in our latest article. Stay ahead of the curve! https://ow.ly/hZYk50QKPPV #CyberInsurance #CyberRisk #ASmarterWayToRisk #WTWPersepctive

Some fantastic data emerging from Howden on the short and long-term impact of the Crowdstrike outage last month on capacity, premiums and losses. We’ve gathered some key insights to keep in mind when it comes to these systemic cyber events and the extraordinary resilience of the cyber insurance market. Read Howden’s full article here ⤵️ https://lnkd.in/dQrTFvky

🔐 Stay ahead of evolving threats to safeguard your business. Our 'Protecting Your Business' Bundle provides essential insights for peace of mind in an ever-changing landscape. Key Topics we cover are: ✅ Cyber Crime ✅ Insurance ✅ IP Find out more here: https://ow.ly/kUai50QgHFb #WEAREUMi

Which cyber policies are the best in America? Help Insurance Business America steer insurer offerings and the industry in the right direction by participating in the 5-Star Cyber. Vote now https://hubs.la/Q02cMZXc0

Our predictions suggest #cyberinsurance will be just as requested by consumers in 2024 as it was in 2023 — if not more. See the cyber insurance trends that popped across several industries last year, and, if you cover it, make sure your agency's business appetite is updated so you stand out on TrustedChoice.com when commercial consumers search for cyber coverage. https://bit.ly/3tXcVL9 #insuranceindustry #insurtech

"we need to sort that", "I think we have it covered" "We paid a friend of a friend to setup our network so it should be ok" These are all answers we regularly hear when asking customers about there cyber security. Another one we hear is "I wish I had sorted that" Cyber essentials is an annual review process so even if you think you are covered why not take a second to validate that thinking. This doesn't need to take your time, Laboc communications have a suite of tools and experienced engineers to guide your business through the Cyber Essentials process while you focus your time on your business. engage with us to start the process so we don't hear you say "I wish I had sorted that"

Transformation meets cybersecurity as we review 2023 and prepare for the challenges of 2024. The expansion of the regulatory landscape and the emergence of AI-related breaches are reshaping the cyber insurance market: https://ow.ly/5AKR50QI5HR #CyberInsurance #CyberRisk #ASmarterWayToRisk #WTWPersepctive

Watch how Coalition, Inc. uses breakthrough technology and proprietary data to provide in-depth insights about a company's digital risk profile. When they become policyholders, we continually monitor companies and alert them when new risks are identified, along with step-by-step guidance on how to remediate vulnerabilities to prevent them from becoming claims. Start quoting Active Cyber Insurance today: https://lnkd.in/gnv8xEHG