Notably, cyber insurance coverage was one of the often referenced themes in Q1 2024, rating highest when it comes to mentions, forward of synthetic intelligence and on-line funds, in keeping with GlobalData.
Of the highest main corporations within the insurance coverage trade, Vacationers had the best enhance in references for cyber insurance coverage in Q1 2024, in contrast with the earlier quarter. GlobalData recognized 5 cyber insurance-related sentences within the firm’s filings – 0.2% of all sentences – and a rise of 150% in Q1 2024 in contrast with Q1 2023. Hartford Monetary Companies Group’s mentions of cyber insurance coverage rose by 100% to 4 and Cincinnati Monetary’s by 25% to three and Arch Capital Group’s by 50% to 2.
GlobalData’s Firm Filings Analytics additionally applies sentiment weight to reference sentences, based mostly on whether or not the sentences are constructive, destructive, or impartial. Beginning at 100 in 2020, an index over 100 is extra constructive. The general index for cyber insurance coverage in Q1 2024 was 53.
For additional understanding of GlobalData’s Insurance coverage: Filings Traits & Alerts Q1 2024, purchase the report right here.
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