Cyber Insurance
Cyber insurance is essential, with premiums tripling since 2018 and projected to double by 2030 due to evolving threats and tightening regulations.INP Specialty helps producers by offering industry and CISO expertise, board-level review, and clear policy explanations tailored to client exposures.
Our Approach
Our team pairs deep insurance knowledge with the practical operating experience of founders and seasoned executives who have led companies at every scale. At INP Specialty, we help producers navigate a fast-moving cyber threat landscape by bringing together real-world CISO insights and a digestible understanding of policy wording mapped to specific client exposures. INP Specialty negotiates bespoke cyber protection that reflects a deep understanding of your clients industry and threat landscape. We go further by providing operationally-informed underwriting, proactive risk management, and cyber policies that understand your clients evolving exposure.Our Strategy
We look to work with a limited number of carriers that understand the complexities of cyber and offer a broad range of solutions tailored to specific industries. We go beyond standard approaches. Our team brings diverse expertise, integrating insurance knowledge with executive, technological, and board-level experience. We provide strategic insights, advising on incident readiness, policy clarity, and regulatory alignment. When the unexpected occurs, our hands-on support includes claims advocacy and breach resources.Trends we are tracking
Ransomware is Now a Subscription Business
Cybercrime groups are selling “Ransomware-as-a-Service” (RaaS) kits that make it easier than ever for less-skilled hackers to launch attacks. The result is more frequent and more sophisticated ransomware incidents, often targeting businesses that believe they’re too small to be noticed. Even companies with backups can face weeks of downtime and public exposure of stolen data. Multi-layered defenses and incident response planning are now essential, not optional.
When Multi-Factor Authentication Isn’t Enough
Hackers are exploiting human behavior to bypass multi-factor authentication (MFA) by bombarding employees with repeated login prompts until one is accidentally approved. This is a tactic called “MFA fatigue,” and these breaches often lead directly to account takeover and data theft. The best defenses are based on phishing-resistant MFA methods (like hardware keys) combined with employee training and strict login attempt limits.
Your Vendors Could Be Your Biggest Cyber Risk
Third-party breaches are now one of the fastest-growing cyber threats. From payroll providers to cloud software vendors, attackers are increasingly targeting the weakest link in your supply chain to access your systems. The 2024 wave of third-party breaches shows that even if your network is secure, your partners’ vulnerabilities can still put you at risk. Cyber insurance carriers are now scrutinizing vendor security and contract language during underwriting.
Deepfake CEOs and AI-Crafted Scams
Phishing emails are getting harder to spot as cybercriminals use AI to mimic tone, branding, and even a CEO’s voice with startling accuracy. These “vishing” and “deepfake” schemes can trick employees into wiring funds, sharing credentials, or approving fraudulent transactions. Businesses need advanced email filtering, voice verification procedures, and employee awareness programs to keep pace with this new breed of social engineering.
Whether you're a retail broker looking for a responsive partner or a carrier seeking disciplined distribution, INP Specialty brings insight, experience, and a focus on results.
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