Market Insights

State of the Market - 2025 Outlook

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

How Cyber and Crime Insurance Policies Respond to Social Engineering

In today’s digital world, the prevalence of social engineering attacks continues to be a risk across industries. From title agents handling multi-million-dollar wire transfers to a small contractor virtually without a network, no sector is immune from the sophisticated tactics of cybercriminals. As these bad actors continually appear to be ten steps ahead of standard controls, traditional insurance policies struggle to keep pace with the evolving threats.

Navigating Business Interruption Risks in the Age of Cyber Disruptions

In an age where cyber disruptions are more commonplace, it is becoming readily apparent how critical contingent business interruption and standard BI coverages are for safeguarding against the cascading effects of cyber outages. Effective BI policies and risk mitigation strategies could significantly reduce the financial impact of such disruptions, which have already resulted in billions in losses.

State of the Market Report: A Focus on Cyber

The cyber insurance market has seen a significant shift since early 2023, softening considerably and presenting more favorable conditions for buyers. Renewals are often coming in at level or below expiring pricing, despite increasing claims activity. This shift is driven by improved capacity from both new market entrants and existing carriers expanding their offerings, including limits up to $10 million.

CrowdStrike Outage: Market Impacts and Coverage Implications

Businesses across the globe were affected by CrowdStrike's content update, experiencing costly business interruptions and system failures. This article outlines the response we’re seeing from the market so far and what we anticipate, guidance on claims reporting, coverage implications, and more.

AI in Healthcare – What we know and how we are responding

Underwriting for healthcare accounts leveraging AI is determined by what method of AI is being used and how the information gathered through AI is being processed. In this article, we explore what insureds taking advantage of the benefits of AI should consider.

Evolving Social Engineering Tactics Raise the Stakes for Cyber Coverage

Managing social engineering risk involves a layered strategy of system controls, employee training and insurance coverage. Amwins can help.

State of the Market 2024 Outlook

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

Competitive Cyber Market Expected to Continue

It's Cyber Security Awareness Month. Rather than reminders about strong passwords and phishing, we focus on what's going on in the market and how to help your clients make the most of it. We spotlight the MOVEit data breach and meta pixel tracking class action lawsuits, as well as the SEC's final cybersecurity disclosure rules that went into effect last month.

New SEC Cybersecurity Disclosure Rules and What to Expect Next

The SEC has released new cybersecurity disclosure regulations for public companies. In this article we talk about the impacts of the new rules and the expectation that something similar is forthcoming for registered investment advisors. New rules for this group will have a much larger impact on the financial industry as a whole and clients should be prepared.

Meta Pixel Class Action Lawsuits Focus on HIPAA – For Now

With so many questions about Meta Pixel liability unanswered, insureds need to be prepared. In this article we look closely at the impact online tracking technology has had on the healthcare industry and how you can help your clients mitigate their risk.

Want Access to Public Entity Cyber Liability Insurance? Make Sure You Have Security Measures in Place

Public entities without top tier cyber safeguards are finding they are woefully unprepared to seek coverage in the current marketplace. The message is clear: clean up security controls and spend money on safeguards, or cyber insurance may not be available.

Top 8 Cyber Risks Facing the Transportation and Logistics Industry

Every industry has exposure to cyber risks, including transportation and logistics. While these industries worked from paper and wheels for many years, now there are both internal and external networks that are critical to operating in this industry group. This article discusses the unique cyber risks facing the transportation and logistics sector, coverages to address these threats, and proactive cyber risk management tools.

State of the Market - Q1 2023

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

Cyber Security Checklist: Cover Your Bases

In today’s world, risk transfer alone isn’t enough to protect a business from the implications of a cyberattack. This article outlines common exposures companies face and provides a checklist of privacy and compliance requirements and training, cyber insurance coverages, and risk mitigation resources.

Cybersecurity Attacks Ongoing in the Healthcare Industry

Cybersecurity attacks are increasing among the healthcare industry and it’s essential to understand the dangers that arise from it.

What’s the Future of Cyber Insurance?

Things move quickly in the cyber insurance market, and it can be challenging to stay up to date on the latest trends and issues impacting capacity, pricing and terms. For insights on the current state of the cyber market and the future outlook, watch our webinar on demand “The Future of Cyber Insurance: Where is the Market Going in these Uncertain Times?”

Community Associations Need a Good Defense Against Cyber Attack

Because community associations are often ill-prepared to protect themselves from cyber attack, they are particularly vulnerable to the top issues threatening cyber security today. In this article, we use real-world examples of cyber attacks on board members to illustrate the importance of cyber insurance.

Security is Key to Accessing Public Entity Cyber Liability Insurance

The growing prevalence of ransomware has changed the landscape of the cyber insurance marketplace dramatically. This article explores the state of the cyber insurance market and how public entities can access the limited coverage available by improving their cyber security and adding safeguards.

Telemedicine: Are Your Insurance Policies Due for a Checkup?

The global telemedicine market is projected to reach $52.3 billion by 2022, with predicted growth in behavioral health and substance abuse, outpatient virtual visits and critical care. While telemedicine has many advantages for patients, such as increased access to care and reduced costs, there are also new exposures for healthcare practitioners. This article address those risks and discusses insurance coverage considerations for them.

Top 3 Trends Affecting Cyber Risk and Insurance in the Energy and Oil & Gas Sector

The energy sector’s technological shift to remote control and network access as well as society’s focus on environmental consciousness has exponentially increased oil and gas company’s exposure to cyber-attacks. This article highlights the top three cyber trends affecting the energy sector, helping identify current risks and market conditions so you can determine the best coverage solution for your client.

Silent Cyber: An Issue Making Noise Across Industries and Coverage Lines

Cyber events don’t always just result in financial loss but can also cause first or third-party bodily injury or physical damage. In response, many insurers have adopted various exclusions, sub-limits and changes to non-cyber insurance policies. This issue of non-affirmative coverage for cyber events is known as silent cyber. Through various claim scenarios across coverage lines and industries, this article explores the wide range of insureds that are at risk of a silent cyber incident.

Professional Lines Challenges and Market Response During the COVID-19 Crisis

The COVID-19 crisis has created a rapidly changing environment for the Professional Lines market. With the uncertainty of how claims will develop and the potential for increased exposure, retailers must be proactive. In this article, AmWINS specialists share their insights on why this is more important now than ever, including reactionary underwriting trends, D&O policy exclusions and impacts to EPLI, as well as the threat for increased cyber attacks and crime losses.

COVID-19 – Are Your Clients Covered?

The disruption to business and everyday life caused by the coronavirus (COVID-19) pandemic is resulting in an economic impact for insureds. Much of this disruption is likely not covered by insurance. We have consulted with several AmWINS insurance specialists across the Property, Casualty and Professional Lines sectors and offer a COVID-19 update.

A Budding Market: Professional Lines Opportunity in The Cannabis Sector

Given the rapid growth and the normalization of cannabis as an industry, various operations throughout the cannabis distribution chain continue to face unforeseen financial exposures. This article addresses these exposures and four key areas of professional lines coverage that retail agents should access to ensure that they are offering a complete portfolio of protection to their clients within the cannabis industry.

Understanding Social Engineering Schemes to Mitigate Risks

Social engineers exploit human emotions, rather than using sophisticated software or hacking technology, to bypass the most iron-clad security measures. In the second part of our Social Engineering series, we identify examples of schemes employed by social engineers and how to design and implement comprehensive security practices to mitigate the risk of a loss.

Social Engineering: An Increasing Risk That Requires Increased Coverage

Increased regulations have made pure technological cyber-attacks more difficult and costly, causing cyber criminals to shift their focus to social engineering. Although traditional commercial crime policies contain a computer fraud and funds transfer fraud insuring agreement, courts have generally held that claims arising from incidents where the insured voluntarily transfers funds – many of which arise from social engineering – are not covered. This article examines key court rulings and how to fill in potential coverage gaps.

Cyber Liability in the Energy Space: Critical Coverage for Critical Assets

In 2018, companies within the energy sector rely heavily on technology to perform daily operations. With this increased connectivity comes increased cyber risk. As threats continually evolve, it is virtually impossible to adequately prepare for every type of cyber-attack; however, appropriate insurance coverage can play a key role in mitigating risk. This article discusses energy-related claim trends and the value that Cyber Liability policies can add to your coverage offering for energy risks.

Cyber Liability: The D&O Dilemma

In the event of a cyber attack, the Directors & Officers (D&O’s) of a company are often held liable. D&O's should ensure they have comprehensive insurance coverage as well as mitigate their cyber liability exposure with these three steps.

Endorsements that Protect Your Clients from Social Engineering Losses

In response to the masses becoming more aware of cyber-attack techniques, hackers have countered with more sophisticated attacks, such as CEO Fraud, also known as Social Engineering Fraud. How we do we address this increasing risk as an industry?

Cyber Insurance Coverage for Bank Assessments

The most significant liability threat for companies after a data breach could be from their business partners, including banks and payment card processors. This article details what merchants and their brokers need to know to ensure their coverage matches their needs and expectations.

Cyber Liability Insurance Coverage for Financial Institutions

Cyber Liability coverage is particularly intriguing for financial institutions, as they are held to a higher standard for protecting their customers’ information given their role in protecting their money. To help combat losses associated with data breaches, new cyber insurance products have started to emerge.

The Cost of a Data Breach

There is a tremendous potential risk for merchants when it comes to the fines and penalties associated with data breaches – not to mention the public relations nightmare that could follow. Many insurers are hesitant to provide the capacity that is needed for the exposure that exists. Are your clients aware of the Cyberliability solutions that will cover them in the event of a breach?

Cyber Liability Insurance for Nonprofits Organizations

When it comes to cyber-crime and massive data breaches, there's one group that has been relatively overlooked when it comes to cyberliability - nonprofits. How would an organization with limited capital protect its infrastructure in the event of a breach?