Property insurance premiums are rising swiftly while cyber rates stagnated and the impact of “flailing insurtechs” in its digital business led Beazley plc to concentrate more deeply on property, said the Lloyd’s insurer’s chief executive officer.
Tag: cyber rates
Hard Market Cycle in U.S. Cyber Insurance Segment Brings Return to Profitability
The U.S. cyber insurance market continued strong growth in 2022, with direct premium increasing by 50% to $7.2 billion and improving loss ratios given greater attention to underwriting discipline, according to a new AM Best report.
Cyber Prices ‘Need to Come Up and Stay Up’: Advisen Panel
More insurance buyers than ever face challenges in finding cyber coverage, but industry players speaking during Advisen’s Cyber Risk Insights Conference in London say a return to pre-2019 low prices won’t happen. Thinking of the cyber market in terms of peaks and valleys isn’t useful, according to Michael Shen, head of cyber and technology for… Continue reading Cyber Prices ‘Need to Come Up and Stay Up’: Advisen Panel