Glad to see this
I am very pleased to see that this is becoming more common in companies. When dealing with security issues and expenditures, the bean-counters frequently reduced or eliminated security aspects of IT budget proposals. They saw it as a dead expense, completely ignoring the fact that what they were doing was self-insuring the company.
Once cyber insurance becomes commonplace, IT managers will have a way to push back against those cuts by arguing that spending on security will recede the price of insurance. Just as installing better fire protection will cut those premiums significantly.
Cyber insurance should be mandatory for businesses dealing with customer data (which is most of them) just as liability cover is required for your car. You aren't required to have full cover but you should at least have cover for customers. Why don't we have that yet ??