By 2030, cyber insurance in-force premiums in the U.S. will total $100 billion, according to a Cowbell Cyber estimate. (Mysterylab/Adobe Stock) By 2030, cyber insurance in-force premiums in the U.S. will total $100 billion, according to a Cowbell Cyber estimate. (Mysterylab/Adobe Stock)

It's clear that cyber insurance is becoming more essential for organizations. But in order for an insurer to take an organization on as a client, the potential insured must first show that good security controls are in place. Otherwise, they'll face astronomical premiums — if they're able to get coverage at all.

Policyholders are taking this into their own hands and being proactive about improving their cybersecurity posture in order to further protect themselves from hacks, or better yet, prevent attacks from occurring in the first place.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Coverage & Policy Issues
Information Security
Commercial Lines
Cybersecurity