PDF REPORT: Counting The Cost Cyber Exposure Decoded

The aim of this report is to provide insurers who write cyber coverage with realistic and plausible scenarios to help quantify cyber-risk aggregation. The understanding of cyber liability and risk exposures is relatively underdeveloped compared with other insurance classes. By understanding cyber risk exposure, insurers can improve their portfolio exposure management, set appropriate limits and gain the confidence to expand into this fast-growing insurance class.

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Fitch: Rapid Growth in Cyber Insurance Would Be Credit-Negative

Cyber risk insurance is the fastest growing segment in property/casualty insurance with an estimated $3 billion in premiums in 2015 and anticipated to triple in four years. Approximately 50 insurance carriers now offer some form of standalone cyber insurance coverage. Cyber attacks pose dangerous risks and uncertainty across industries and insurers' aggressive expansion into standalone cyber insurance could be credit negative according to a report from Fitch Ratings.

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