Premiums for Standalone Cyber Policies Grew Over 28% in 2020: AM Best

Cyberattacks pose risk to creditworthiness

According to a new report by rating agency AM Best, the ransomware attack on US energy firm Colonial Pipeline has impacted the cyber insurance segment, with premiums for standalone cyber policies growing beyond 28% in 2020. The report highlighted that the higher rate of growth for standalone policies gives an indication that organizations are having… Continue reading Premiums for Standalone Cyber Policies Grew Over 28% in 2020: AM Best