Cyberattacks are escalating, with global costs projected to hit $24T by 2027, yet 99% of economic losses remain uninsured. Zurich and Marsh McLennan warn of a widening cyber protection gap as ransomware, AI-driven threats, and geopolitical tensions outpace defenses. The cyber insurance market is growing fast (from $14B GWP in 2023 to $29B by 2027) but remains uneven, leaving many SMBs uninsured. The white paper calls for a three-part strategy: strengthening resilience through better cyber hygiene, addressing quantifiable catastrophic risks, and managing uninsurable risks via public-private partnerships.

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