2022 Market Update Ransomware and Insurance

2022 Market Update Ransomware and Insurance

Interested in quickly learning about ransomware and insurance? Check out this great short course!

Ransomware presents a major challenge for both organizations and their insurers. We've gleaned through the research, talked to our industry contacts and pulled it all together into one comprehensive market update filled with practical insights.  

Learn how the insurance industry is responding to ransomware trends, what your insurance options are, and what you need to do to be prepared. 

Enroll for free to find out what this means for you.


What you will learn

How to assess your risk
What ransomware is, how it works, and the chances of being a victim of ransomware.
How to be prepared
What can be done to limit your risk, and the potential loss from ransomware attacks.
How to obtain the right coverage
What insurance coverage for ransomware looks like and how it is changing.
What to expect with a ransomware claim
How do ransomware events and insurance claims unfold.

2022 Market Update - Ransomware and Insurance


This short course teaches the fundamentals of ransomware and the insurance designed to cover the related risks. Insurance professionals and insurance buyers, such as risk managers and CFOs, need to have a solid understanding of ransomware, how it works, and what can be done to manage the risk and protect their organization. 

This course is a time saver! Gain all the knowledge and terminology you need in today's climate of high cyber risk.  

Take a moment to picture your company in a ransomware attack situation. What would you do if all your computer systems were shut down and inaccessible? What would be your next step? Who would you call? Would you pay the ransom? It helps to think these questions through ahead of time so that you are prepared should an attack occur. In this course, we discuss what typically happens when there is an attack, and what to expect and consider when dealing with it. 

Ransomware attacks are increasing in number and financial impact presenting a major threat for cyber insurance experts. In this course we explore how the insurance industry is responding to these risks - changes in policy structure for example. Take this course to ensure you understand and are prepared for these changes and how they may impact your insurance coverage.

Course Curriculum

2022 Market Update - Ransomware and Insurance

  • Introduction
  • What is Ransomware?
  • What are the Chances that I’ll be a Victim of Ransomware?
  • Ransomware Terminology
  • How do Ransomware Attacks Happen?
  • Ransomware Preparedness
  • Ransomware and Insurance
  • Ransomware Example
  • Ransomware and Insurance Limitations
  • How do Ransomware Insurance Claims Work?
  • Wrap-up

About ITC Courses

ITC takes pride in delivering high quality, unbiased courses on professional and management liability insurance and related topics. Designed specifically for online delivery, our courses are interactive, include activities and quizzes, use practical illustrations and real-life case studies and deliver knowledge in bite-sized portions so even just 5 minutes is learning time well spent.

How we build courses

ITC courses are the product of a collaborative approach. We work closely with subject matter experts to build out course content, the ITC design team brings that content to life, and no course is published before undergoing an intense review by an industry panel. Our process also includes post-publication reviews and updates because ITC is committed to delivering quality courses that remain accurate, relevant and up-to-date, long after they are first published.


Insurance Brokerage, Canada

Very clear, concise content, delivered in an easy to understand way. Whether an industry vet or just starting out, you will learn something from this course- I did! It’s easy to see how this platform could complement any corporate training program. I’d thoroughly recommend ITC to any L&D manager.

Broker, Australia

ITC effectively tackles complex subject matters in a very creative manner. I would highly recommend to anyone looking to broaden their understanding.

Broker, Canada

Great way to enjoy an evolving subject matter. Thank you ITC, enjoyed that!

Broker, Australia

Tough topics. Beautifully presented.

Senior Underwriter, Canada

I’ve been in the industry for nearly 15 years and event I learned some things in this course! It’s a straightforward and intelligent way of presenting a complex issue. Not a small feat.

Everyone will find this course helpful, no doubt.

Broker, Canada

Most insurance courses are either pitched at people learning about the subject for the first time or jump straight into advanced topics. The ITC courses do a great job for all learners and I particularly liked the online format since you can either spend time starting from the beginning or quickly move on to the areas of most interest to you. The course material also went beyond insurance policy language – addressing risk management, claims processes, what buyers should consider, and more.

Frequently Asked Questions

Are there prerequisites for ITC courses?

With ITC, you can take any course at any time. For the best learning experience, a prerequisite may be recommended in the course description.

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At ITC, we want to hear from you! Our courses are specifically developed to provide relevant and up-to-date training on insurance topics. If there is something you’d like to learn or explore and we don’t have the course, please reach out!

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We take pride in providing up-to-date relevant courses! ITC is committed to reviewing all course content at least once a year and making any necessary updates or additions to course materials.

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We provide a digital certificate of completion for all successfully completed courses.

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All ITC courses and subscriptions are priced in USD.

If I purchase a single course, how long will I have access to the course?

When you purchase a single course you will receive lifetime access to the course from any device. This includes any future updates to course materials.

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We offer a risk-free 30-day money-back guarantee on all our courses. If you are not happy with your ITC course purchase you have up to 30 days from your original date of purchase to contact ITC at [email protected] to request a full refund. All we ask is that you provide us with the reason for your refund request. It is feedback from clients like you that helps us to improve our courses.

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When you sign up for an ITC subscription, you’ll immediately have unlimited access to the entire course library and you can cancel at any time. But why would you want to? Having ongoing access to course materials means you can refer back anytime you like, brush up on important concepts, or even retake those sections that you keep forgetting (of course, we’re not saying that you’re forgetful). Plus, the longer you subscribe, the more courses and resources you’ll get because we are continually investing in adding new courses and updating existing ones.

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With both subscription options you get immediate access to the entire course library as well as access to all additions and updates for as long as you continue to subscribe. For best value we recommend the annual subscription.

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You can cancel your subscription at any time by contacting ITC at [email protected]. Your subscription will auto-renew until then. Before you decide to cancel just remember that we’ve got new courses in the pipeline that may be of interest to you. If you want to know what new courses we’re working on you can email us at [email protected] and ask.

Will I be able to get a refund for my subscription if I cancel?

Our risk-free 30-day money-back guarantee also applies to our subscription services. If you’ve purchases a monthly or annual subscription you have 30 days from your original date of purchase to contact ITC at [email protected] to request a full refund. All we ask is that you provide us with the reason for your refund request.

Please note, when a subscription is refunded, your account with ITC will be closed. Completion certificate(s) for any courses you may have already completed during your subscription will no longer be accessible. And we will be sad to see you go.

If I decide to cancel, why does ITC need to know why?

We ask for an explanation because we value your input and it is feedback from clients like you that helps us improve our courses.

Is my certificate of completion valid after I get a refund?

If you request a refund, your account will no longer be valid and your certificate of completion will not be accessible.

Does ITC have purchase plans for businesses?

Yes, ITC can also provide courses through bespoke corporate programs. To find our more please contact us directly at [email protected].