Cyber Insurance Blog

Cyber Insurance Is More Important Than People Realize Nearly half of small businesses experienced a cyber attack in the past year, according to Hiscox. But surprisingly, only 21% of small businesses have a standalone cyber insurance policy. There’s a disconnect between small business owners and the cyber threats they face. Brokers and agents can help bridge that gap. At ProWriters,…

As cyber attacks continue to grow in frequency and complexity, more businesses ask, “Is Data Breach Insurance worth it?” The short answer—“Yes!” According to the Identity Theft Resource Center (ITRC), 2022 saw a near-record number of data compromises—1,802. That number is only 60 events shy of the all-time high set the year before. These breaches affected more than 422 million…

Industry-Specific Exposures = Increased Cyber Risk in Healthcare The healthcare industry is among the top at-risk industries for cyber crime. To prepare for the possibility of a cyber incident, healthcare organizations must assess the industry-specific risks they face. The experts at ProWriters have identified the top reasons why cyber risk is so high for healthcare organizations, which are detailed below.…

Save Time and Get Better Commissions with the ProWriters Method If you’re a broker or agent, you know how frustrating trying to get a cyber insurance quote can be. Multiply that by several quotes for multiple clients, and it can seem unending. That’s why ProWriters has developed a better way. Spend less time comparing quotes and get more commission by…

The global insurance market is poised to exceed a staggering $7 trillion in premiums in 2023, with Cyber Insurance emerging as one of the key growth areas. Moreover, industry analysts project the market to reach $91.22 billion by 2031. Notably, Cyber Insurance brokers play a pivotal role in this trajectory. With cyber attacks growing in number and sophistication every year,…

Machine Learning Brings Many Benefits… But Also Many Risks to Your Clients. Cybersecurity and artificial intelligence (AI) used to be viewed as separate innovations in technology. Today, cybersecurity and AI go hand-in-hand as experts use machine learning to develop advanced security methods. But cyber criminals are using machine learning too, and they’re innovating faster than security experts can keep up.…