{"id":251786,"date":"2023-08-28T00:00:54","date_gmt":"2023-08-28T00:00:54","guid":{"rendered":"https:\/\/www.staging.trustedchoice.cloud\/advantage\/?p=251786"},"modified":"2026-01-21T12:03:59","modified_gmt":"2026-01-21T18:03:59","slug":"cyber-insurance-trends","status":"publish","type":"post","link":"https:\/\/www.staging.trustedchoice.cloud\/advantage\/blog\/cyber-insurance-trends\/","title":{"rendered":"Cyber Insurance Trends"},"content":{"rendered":"<h2>How have requests for cyber insurance changed over the last few years?<\/h2>\n<p>We expected the number of consumers looking for cyber liability insurance to increase over the last few years. However, we were quite surprised to see that the number of requests from 2022 to 2023 (as of July) <b>increased by 114%<\/b>!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251792\" style=\"margin-bottom: 30px;\" src=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-year.png\" alt=\"cyber insurance trends by year\" width=\"750\" height=\"348\" srcset=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-year.png 750w, https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-year-480x223.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 750px, 100vw\" \/><\/p>\n<h2>Which industries are looking for cyber liability insurance the most?<\/h2>\n<p>Very few industries are impervious to cyber attack, however there are definitely some types of businesses seeking out cyber liability insurance on <a href=\"https:\/\/www.trustedchoice.com\" target=\"_blank\" rel=\"noopener\">our consumer websites<\/a> more than other types of insurance. In fact, the top five industries on our list made up 19% of all requests for cyber insurance since 2020.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251793\" style=\"margin-bottom: 30px;\" src=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-industry.png\" alt=\"cyber insurance trends by industry\" width=\"750\" height=\"266\" srcset=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-industry.png 750w, https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-industry-480x170.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 750px, 100vw\" \/><\/p>\n<h2>What regions have the highest requests for cyber liability insurance?<\/h2>\n<p>Since 2020, around 54% of cyber insurance requests on our platform were from the Southeast and West regions, with the Southeast being slightly higher. Ohio, New York, Florida, Texas and California had the most number of requests in their respective regions.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-251794\" style=\"margin-bottom: 30px;\" src=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-region.png\" alt=\"cyber insurance trends by region\" width=\"750\" height=\"404\" srcset=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-region.png 750w, https:\/\/www.staging.trustedchoice.cloud\/advantage\/wp-content\/uploads\/2023\/08\/cyber-trend-region-480x259.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 750px, 100vw\" \/><\/p>\n<h2>Which insurance companies provide cyber insurance?<\/h2>\n<p>Here&#8217;s our list of our <a href=\"https:\/\/www.trustedchoice.com\/about-us\/carriers\/\" target=\"_blank\" rel=\"noopener\">trusted insurance company partners<\/a> who have an appetite for cyber insurance:<\/p>\n<ul class=\"bullet-columns-3\">\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/co-operative-insurance\/\" target=\"_blank\" rel=\"noopener\">Co-operative Insurance Companies<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/encova\/\" target=\"_blank\" rel=\"noopener\">Encova<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/frederick-mutual-insurance-company\/\" target=\"_blank\" rel=\"noopener\">Frederick Mutual Insurance Company<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/main-street-america-insurance\/\" target=\"_blank\" rel=\"noopener\">Main Street America Insurance<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/mapfre-insurance\/\" target=\"_blank\" rel=\"noopener\">MAPFRE Insurance<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/nycm-insurance\/\" target=\"_blank\" rel=\"noopener\">NYCM Insurance<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/ohio-mutual\/\" target=\"_blank\" rel=\"noopener\">Ohio Mutual Insurance Group<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/progressive\/\" target=\"_blank\" rel=\"noopener\">Progressive<\/a><\/li>\n<li><a href=\"https:\/\/www.trustedchoice.com\/insurance-companies\/slb-insurance-group\/\" target=\"_blank\" rel=\"noopener\">SLB Insurance Group<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/andover\/\" target=\"_blank\" rel=\"noopener\">The Andover Companies<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/travelers\/\" target=\"_blank\" rel=\"noopener\">Travelers<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/west-bend\/\" target=\"_blank\" rel=\"noopener\">West Bend<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancedirectory.com\/insurance-companies\/westfield\/\" target=\"_blank\" rel=\"noopener\">Westfield<\/a><\/li>\n<\/ul>\n<p>Be sure to check out our free <a href=\"https:\/\/www.staging.trustedchoice.cloud\/advantage\/insurance-markets\/\">insurance market finder tool<\/a> next time you are looking for a trusted carrier, MGA or wholesaler for your customer.<\/p>\n<h2>Stay ahead of today\u2019s pressing and rapidly evolving cyber threats<\/h2>\n<p>This fall, the <a href=\"https:\/\/www.travelers.com\/travelers-institute\/index\" target=\"_blank\" rel=\"noopener\">Travelers Institute<\/a> will be hosting cybersecurity symposiums across the country. The events, which are free and open to the public, are geared toward helping businesses and organizations gain insight into the current cyber landscape with strategies to help them prepare for, and respond to, cyber threats. Visit <a href=\"https:\/\/www.travelers.com\/travelers-institute\/cyber-security\" target=\"_blank\" rel=\"noopener\">travelersinstitute.org<\/a> to see when a symposium will be in your area!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most of us encounter phishing or spoofing scams regularly nowadays. It stands to reason that requests for cyber liability insurance have increased&#8230;but by how much? Here are some interesting trends around who is looking for cyber insurance and which insurance companies in our network can help you with your next policy.<\/p>\n","protected":false},"author":3,"featured_media":251795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6,167],"tags":[211,27,169,170],"class_list":["post-251786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-insurance-company-articles","tag-cyber-insurance","tag-insurance-companies","tag-insurance-markets","tag-insurance-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cyber Insurance Trends - Momentum Edge<\/title>\n<meta name=\"description\" content=\"Requests for cyber liability insurance is on the rise. 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