Mosaic Insurance, a specialty insurer, has announced its decision to raise its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026. This move comes in response to the escalating demand for cyber insurance coverage across all provinces and territories in the country. The decision to more than double its previous limit reflects Mosaic’s commitment to meeting the evolving needs of businesses facing increasing cyber threats.
According to a report by Insurance Journal, Mosaic’s decision to enhance its cyber capacity in Canada is a strategic response to the growing cybersecurity challenges faced by organizations in the region. The increased limit will enable Mosaic to provide more comprehensive coverage to businesses seeking protection against cyber risks, including data breaches, ransomware attacks, and other cyber threats that can have significant financial and reputational consequences.
The move by Mosaic Insurance to raise its cyber-risk capacity aligns with the broader trend of insurers adapting to the changing risk landscape driven by digital transformation and the increasing frequency and sophistication of cyber attacks. As businesses become more reliant on technology and data, the need for robust cyber insurance coverage has become paramount to safeguard against potential financial losses and regulatory penalties resulting from cyber incidents.
Industry experts believe that Mosaic’s decision to enhance its cyber capacity in Canada reflects a proactive approach to addressing the evolving cybersecurity landscape and providing tailored solutions to businesses seeking comprehensive risk management strategies. By increasing its coverage limit, Mosaic aims to position itself as a trusted partner for businesses looking to mitigate cyber risks and protect their assets in an increasingly digital world.
The announcement by Mosaic Insurance to raise its cyber-risk capacity in Canada is expected to have a positive impact on the insurance market, offering businesses access to higher coverage limits and more robust cyber insurance solutions. As cyber threats continue to evolve, insurers like Mosaic are taking proactive measures to ensure that businesses have the necessary protection in place to mitigate the financial and operational risks associated with cyber incidents.
In conclusion, Mosaic Insurance’s decision to increase its cyber capacity to $25 million in Canada underscores the company’s commitment to providing innovative and comprehensive insurance solutions to businesses facing cyber risks. By enhancing its coverage limit, Mosaic aims to support businesses in safeguarding their operations and assets against the growing threat of cyber attacks, ultimately contributing to a more resilient and secure business environment in Canada.
#MosaicInsurance #CyberRisk #InsuranceMarket #CyberSecurity #RiskManagement
References:
– https://www.insurancejournal.com/news/international/2025/12/23/852162.htm
– https://validate.perfdrive.com/cbb649646ef9d41d5fd7ce892b35277d/?ssa=ed968450-d7b0-4e7b-9542-ce9807c4df57&ssb=41150243500&ssc=https://news.ambest.com/newscontent.aspx?AltSrc%3D23%26RefNum%3D271723&ssi=a18c8a3a-cabj-41a1-8e33-1c6d6d502905&ssk=bo****************@*****re.com&ssm=25853672044714195107550455333284&ssn=bf8d4b120b4d85b38c9574804717fa45ec1ec673c6dd-1bd0-4a9a-b08b68&sso=6dbc6aa8-c08456bb5396613a65c255679efd78c3569e48bd2f620cb9&ssp=78995436911766584518176659198485729&ssq=46696821967634597421219676271837605165543&ssr=MTk4LjIzLjE1Ni44Mg==&sst=Python/3.8+aiohttp/3.10.11&ssu=&ssv=&ssw=&ssx=eyJfX3V6bWYiOiI3ZjkwMDBjNjczYzZkZC0xYmQwLTRhOWEtYmFhOC1jMDg0NTZiYjUzOTYxLTE3NjY1MTk2NzYzMjYwLTAwMWYyN2ViZTU0YTdiY2ZkYzIxMCIsInJkIjoiYW1iZXN0LmNvbSIsInV6bXgiOiI3ZjkwMDAzM2E1NjkwYS0zOGQ0LTQzNjUtYTc2Mi1kYmE2NzNmYjNiYzMxLTE3NjY1MTk2NzYzMjYwLTRjOWE4ZGZjNzFhMDQ5MDUxMCJ9
– https://www.pymnts.com/news/investment-tracker/2025/olea-raises-30-million-to-expand-trade-finance-platform/
Social Commentary influenced the creation of this article.
🔗 Share or Link to This Page
Use the link below to share or embed this post:
