Cybersecurity in the Insurance Sector: How Digitalization is Changing the Risk Landscape
                             
                                            
                                                    
                            
                This study on the insurance sector’s digital transformation highlights a paradox: adopting technologies like cloud computing, AI, and IoT enhances efficiency but increases cybersecurity risks. A survey of 150 professionals and interviews with 15 executives show a strong correlation (r = .78, p < .01) between digital technology use and security incidents, with phishing (88%), cloud misconfigurations (45%), and IoT vulnerabilities (25%) prevalent. Traditional defenses score high (e.g., network perimeter: 4.1/5), but IoT and software supply chain security lag (2.4–2.7/5). Cyber insurance now uses dynamic risk assessments, with 90% of underwriters employing external security ratings and 75% applying surcharges for high-risk technologies.