Cyber insurance is a top-of-mind concern for corporates and SMEs, however, it is still strongly underdeveloped. Less than 1% of the global cyber losses were insured in 2020. The cyber insurance market is poised to grow more than 30% per year, still slower than cyber losses which are growing % 50 per year. Cyber insurance brings massive underwriting and risk management challenges that require both incumbents and cybersecurity startups to establish partnerships for integrated cybersecurity offers, especially in the SME market. Insurtechs and cybersecurity specialists are closing the gap by insuring digital and intangible assets. More details at the bottom --->