Hardened U.S. Cyber Insurance Market Here to Stay: AM Best

Thief hacking and stealing information by using computers late night

Direct premiums written in the U.S. cyber liability market increased by 75% in 2021, far outpacing the overall property/casualty insurance industry. However, according to an AM Best report, a 16% increase in claims and only a modest reduction in the loss ratio despite significant rate increases highlights the segment’s ongoing challenges. According to the new… Continue reading Hardened U.S. Cyber Insurance Market Here to Stay: AM Best