’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.
Read more…
Explore more cyber related content here, or discover other news stories here
We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.
Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:
Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.