Carriers’ cyber confidence sees new product creation continue ‘at a rapid pace’ – Gallagher Re

cyber insurance (3)

Regional carriers in the international market are ‘looking to set up a new cyber product for one or more of personal lines, SMEs or large corporates’, says chief commercial officer

The cyber reinsurance market “is maturing at a rapid pace”, with cedents showcasing greater confidence in understanding this risk and subsequently looking to create new products for the personal lines, SME or large corporate markets, according to Lara Mowery, chief commercial officer at Gallagher Re.

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