High-Premium Cyber Insurance Market

When it comes to insurance, patterns are everything. Whether for your house, your car or your life, insurance policies are meticulously crafted based on predictability and likelihood—two words that have never been used to describe cybersecurity.

Cyber insurance is still very much "the new kid on the block." Many calculate that the market began around 1997, while car insurance dates back to the late 1800s, and life and renters' both date back to the late 1700s.