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.

Read more...
Subscribe to this RSS feed