Insurance Business reveals Canada's 5-star cyber insurers for 2023

Insurance Business reveals Canada’s 5-star cyber insurers for 2023 | Insurance Business Canada

Cyber

Insurance Business reveals Canada’s 5-star cyber insurers for 2023

Winners were ranked based on coverage, flexibility, ability to handle claims, and more

Cyber

By
Roxanne Libatique

Insurance Business Canada (IBC) has revealed its 5-Star Cyber 2023 winners, cyber insurance providers that stand out for being vital partners in helping businesses mitigate growing cyber risks in the rapidly evolving digital landscape.

IBC identified the best cyber insurers in the country by enlisting some of the industry’s top experts. For 15 weeks, the experts conducted one-on-one interviews with specialist brokers and surveyed thousands more to gain a keen understanding of what insurance professionals thought of current market offerings.

The team of experts asked the brokers what features they thought were most important in a cyber insurance policy and how the cyber insurance carriers they have dealt with rated on those attributes.

Carriers were ranked based on coverage, flexibility, ability to handle claims, pricing, and the strength of each product they provide.

Top cyber insurance providers

Northbridge Insurance, a leading Canadian commercial insurer, was named one of IBC’s 5-Star Cyber 2023 winners.

The insurer works closely with its broker partners and leverages its in-depth industry experience to help customers and their businesses operate more safely so they can worry less about risks and focus on opportunities.