Australia’s top cyber insurers for 2024 – revealed
Australia’s top cyber insurers for 2024 – revealed | Insurance Business Australia
Cyber
Australia’s top cyber insurers for 2024 – revealed
These are the best of the best at a vital time…
Cyber
By
Roxanne Libatique
Insurance Business Australia (IB) has released its list of winners for the 5-Star Cyber 2024 awards, spotlighting insurance providers that have excelled in delivering cyber insurance solutions.
The recognition comes at a time when large-scale cyber breaches have reportedly impacted around 45% of the Australian population over the past two years.
Insurance Business Australia’s 5-Star Cyber 2024 selection process
To determine the top cyber insurers for 2024, IB engaged in a detailed 15-week evaluation.
The process involved interviews with industry specialists and surveys distributed across IB’s network of brokers to gather insights on the performance of cyber insurance providers.
Brokers provided feedback on the most important aspects of a cyber insurance policy and rated the insurers they had partnered with based on those criteria. The assessment covered various factors, including the comprehensiveness of coverage, flexibility, claims handling efficiency, pricing, and the overall quality of the products offered by insurers.
Australia’s top cyber insurance providers for 2024
Among the recognised companies is Emergence Insurance, an underwriting agency that specialises in cyber risk.
The company offers protection against financial, commercial, and reputational risks stemming from cyber threats. It is focused on delivering customised cyber insurance solutions tailored to the needs of businesses and families.
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