- 656
U.S. businesses spent more than $2 billion for cyber insurance last year as interest in this coverage grew dramatically following numerous high profile data breaches. Some estimates, including one from PwC, suggest the cyber insurance market could more than triple to $7.5B in premiums by 2020.
More than 60 carriers now offer stand-alone cyber insurance policies, and the I.I.I. has a new white paper (link below) that takes a look at where the threats are coming from and the challenges cyber insurers face in writing this coverage given the rapidly evolving nature of cyber attacks.
I hear a lot about the increasing popularity of cyber insurance in the trade and even mainstream media, but haven’t heard much from agents actually selling it. Anyone with experience selling cyber insurance care to share their experience with it – do you see a lot of potential out there?
Cyber Risks: Threat and Opportunities | III
More than 60 carriers now offer stand-alone cyber insurance policies, and the I.I.I. has a new white paper (link below) that takes a look at where the threats are coming from and the challenges cyber insurers face in writing this coverage given the rapidly evolving nature of cyber attacks.
I hear a lot about the increasing popularity of cyber insurance in the trade and even mainstream media, but haven’t heard much from agents actually selling it. Anyone with experience selling cyber insurance care to share their experience with it – do you see a lot of potential out there?
Cyber Risks: Threat and Opportunities | III