Business · Companies · 5 hrs ago
Cyber insurers tighten security requirements as threats evolve
Cyber insurers are tightening security requirements as threats such as advanced social engineering grow more sophisticated.
They increasingly expect clients to use multifactor authentication, endpoint detection and response, and immutable backups.
Cyber insurance premiums reached nearly $15 billion in 2024, while claims rose by 40%, according to a 2025 industry report.
Some insurers now provide security tools, penetration testing and continuous monitoring to help clients reduce risk.
System-wide risks remain hard to predict, and insurers are narrowing coverage with exclusions for nation-state activity and widespread events.
The industry is shifting toward ongoing prevention, alongside the financial protection that insurance policies provide.
Cyber insurers are imposing stricter security requirements as threats evolve.
Providers including Coalition, Chubb, AXA XL, Cowbell and Resilience require clients to maintain measures such as multifactor authentication, endpoint detection and response, and immutable backups.
Insurers are also providing security tools, penetration testing and continuous telemetry to help reduce risk.
A 2025 report from the National Association of Insurance Commissioners said cyber insurance premiums reached nearly $15 billion in 2024, while claims rose 40%.
Experts warn that requirements can become a compliance exercise, while insurers still struggle to model systemic risks and are narrowing policy coverage.
- Who
- Cyber insurance providers, including Coalition, Chubb, AXA XL, Cowbell and Resilience.
- What
- They are tightening security requirements and taking a more active role in clients’ defenses.
- When
- The article describes an evolving trend; it cites 2024 premium and claims figures in a 2025 report.
- Where
- Not stated.
- Why
- Sophisticated threats, including risks linked to large language models and advanced social engineering, are driving insurers to reduce risk.
This story does not have two clearly opposing sides.
Cyber insurance premiums reached nearly $15 billion, while claims rose by 40%, according to a report published in 2025.
The National Association of Insurance Commissioners report gave figures for premiums and claims from the previous year.
SC Media published an article describing insurers’ tougher requirements and expanded role in security.
- Premiums
- Nearly $15 billion in 2024
- Claims
- Rose by 40% in 2024
- Report
- National Association of Insurance Commissioners, 2025
- Security measures
- Multifactor authentication, endpoint detection and response, and immutable backups
- Insurers named
- Coalition, Chubb, AXA XL, Cowbell and Resilience