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wednesday-cordonnier-davis-cyber-the-insurer-monte carlo.pdf
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📊 Size: 567 KB
📄 Pages: 1 page
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Summary

Cyber risk is evolving rapidly, creating opportunities, challenges, and threats for (re)insurers. The digitising economy has led to an increase in ransomware attacks, shifting the threat landscape from private information monetisation to ransom demands and critical infrastructure disruption. The global cyber/blended premium is estimated to reach $20bn by 2025, with a significant influx of new market entrants. The industry is maturing, with increased sophistication in underwriting practices, heightened technical acumen, and controls-based approaches. Pricing strategies have shifted, with significant rate increases in 2021 and 2022. The cyber reinsurance market has averaged 30% year-on-year growth, with a heightened reliance on existing writers and a need for new capacity, driving interest in alternative sources of capital.

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Description

Cyber risk is evolving rapidly, creating opportunities, challenges, and threats for (re)insurers.

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  • File Format: PDF
  • File Size: 567 KB
  • Pages: 1
  • Language: EN
  • Total Downloads: 57
  • Last Updated: 2 weeks ago

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