Google Cloud's Cloud CISO Perspectives discusses the role of cyber insurance in combating ransomware. Monica Shokrai and Kimberly Goody emphasize reporting ransomware incidents over banning cyber insurance, which could disproportionately harm smaller businesses. Mandatory reporting would improve law enforcement tracking and potentially enable fund recovery. Cyber insurers can strengthen security by requiring standards for coverage, advising on best practices, and limiting ransom payments. Modernizing legacy IT and adopting secure-by-design/default technologies like those from Google Cloud, shown to reduce cyber incidents, are crucial. AI can enhance anti-ransomware efforts by improving threat detection and vulnerability remediation. In essence, reporting attacks, adopting high security standards, and leveraging technologies like AI are key to combating ransomware.