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Not only are small businesses targeted frequently, but three-fourths report being hit more than once.
Around 20% admit to being uncertain how their insurance purchases are handled.
The findings highlight an opportunity to better educate policyholders on the potential of usage-based insurance.
Greater preparedness and enhanced backup processes are driving a drop in the number of ransoms paid.
Projections for cyber exposure growth in the coming five years are expected to exacerbate the situation.
While consumers have embraced smart home tech, many don't realize these tools can lower insurance rates.
Nearly 20% of contractors say making better use of the data they currently collect is the top way to improve their safety program.
During a tumultuous year, organizations in nearly every industry turned to captives to help cover their risks.
There are fresh opportunities for agents and brokers to help these companies better understand their exposures and mitigate threats.
In addition to pricing, improving the customer experience is another way insurers are pulling value from data.