After years of rising premiums and shrinking coverage, rates are easing. Insurers credit widespread adoption of multi-factor authentication, immutable backups and endpoint detection, which they now require before quoting. Claims frequency is down; severity is still high.
Getting a good rate
The questionnaire is the audit. Companies that can show tested backups, phishing-resistant authentication and an incident plan are seeing discounts. Those that cannot are seeing exclusions.
Key takeaways
- Premiums down for the first time since 2021
- Controls are prerequisites for coverage
- Severity of claims remains high
This story is part of our ongoing coverage of policy & privacy. We will update it as more details emerge.
