Coalition: Cyber insurance claims frequency dropped 7% in 2024

Coalition Reports Drop in Cyber Claims Frequency for 2024

Coalition, an insurtech specializing in cyber insurance, has released a report indicating that its policyholders experienced a 7% decrease in cyber claims frequency during 2024. This decrease in claims could suggest that businesses are becoming more adept at managing cyber risks.

Stable Severity Amid Decline

While the frequency of claims has dropped, Coalition noted that the severity of claims has remained stable. This is an encouraging sign, as it indicates that when incidents do occur, they are not resulting in significantly larger financial impacts compared to previous years. Essentially, businesses may be better prepared to handle cyber incidents when they arise.

Ransomware Concerns Resurface in 2025

However, the report also carries a cautionary note. Coalition warned that “ransomware is already back with a vengeance” in 2025. This emerging trend may suggest that while overall claims frequency has declined, specific threats like ransomware could still pose significant challenges for businesses in the near future.

Who Is Impacted?

This report is especially relevant for businesses in sectors that are frequently targeted by cybercriminals. Companies across the U.S., Canada, the UK, and Australia may want to take note of these findings as they review their cyber risk management strategies. Increased awareness and preparation could be key in mitigating the impact of ransomware and other cyber threats going forward.

The ongoing discourse around cyber insurance is critical for industry stakeholders, including insurers, policyholders, and cybersecurity professionals, as they navigate the evolving landscape of cyber risks.

Original Source: https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3RL0PX:0-coalition-cyber-insurance-claims-frequency-dropped-7-in-2024/