Recent international retail attacks ‘not big enough’ to harden cyber market

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’Just based on very early discussion around this, it’s looking like this isn’t necessarily going to be a big claims event for the cyber insurance markets,’ says senior editor

The cyber insurance market in Europe has softened from its early 2020s ransomware wave peak, leading to lower prices, readily available coverage and more favourable terms.

That was according to Ben Dyson, senior editor at S&P Global Market Intelligence, who also said that it would take a large or systemic loss to harden the market again.

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