Delinea’s 2023 State of Cyber Insurance Report finds that 79% of companies saw premium increases, with many paying 50–100% more, yet most boards approved higher budgets. Nearly all organizations bought new security tools—96% added at least one, and 44% adopted Privileged Access Management—to meet insurer requirements. However, policies often exclude human error, lack of controls, and compliance failures, leaving key costs uncovered. Smaller firms face more denials, while large enterprises endure lengthy approval times and external audits. Delinea stresses that cyber insurance is no substitute for cybersecurity; enforcing MFA, least privilege, and automated controls remains essential for resilience and compliance.

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