The Insurance-Linked Securities market saw a record surge in catastrophe bond issuance and robust growth in 2023, driven by a calm catastrophe year and new risk offerings.
Amid escalating financial crime compliance costs, financial institutions grapple with the rise of illicit activities involving cryptocurrencies and AI technologies.
SonicWall’s 2024 report reveals escalating cyber threats, highlighting the critical role of managed service providers in bolstering cybersecurity defenses.
As cyber threats rise, global cyber insurance premiums could hit $23 billion by 2025, and U.S. businesses are expected to shoulder over half of that cost.
Navigating the volatile cyber insurance market, insurers face a challenging landscape of rapid growth, unpredictable threats, and unsustainable pricing models.
The USDA has selected 22 organizations to receive $6.5 million to educate underserved, small-scale and organic producers on farm risk management and climate-smart farm practices.