Inside Cybersecurity

December 2, 2023

Daily News

Insurance giant Marsh sees growth in U.S. cyber coverage as manufacturers, other sectors obtain policies

By Charlie Mitchell / March 26, 2020

Purchases of standalone cybersecurity policies grew in 2019 in the United States, according to an annual trends report from global insurance broker Marsh, with growth in cyber coverage among the firm’s manufacturing clients and the highest growth rate coming from the hospitality and gaming sector.

The report, released Wednesday, finds that 42 percent of Marsh clients in the United States obtained cyber insurance in 2019, “up from 38% in 2018 and more than double the number of companies that...

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