Majority of medium to large U.S. companies will have cyber insurance in the next year: survey

More than three quarters of mid-size to large companies in the United States will have cyber insurance coverage in the next year, suggests a new survey from Munich Re.In the survey of more than 100 risk managers at the Annual Conference of the Risk and Insurance Management Society (RIMS), held Denver in April, 77% said they plan to have some level of coverage in the next 12 months. Additionally, 42% said they plan to increase their level of cyber insurance or purchase cyber coverage for the first time.