As the threat of a cyber attack against businesses has grown exponentially in recent years, so too has the cyber risk insurance market. According to Fitch Ratings, despite considerable uncertainty, the fast-growing segment is expected to generate $9 billion in premiums by 2019.
Executive SummaryRisk modelers from AIR Worldwide and PivotPoint Analytics give updates on the cyber risk models being developed by their firms.
“Cyber risks are a broad peril affecting organizations of all sizes and in all market sectors,” said James Auden, managing director at Fitch. “Determining loss exposures from a cyber catastrophe is difficult as it requires an assessment of events that are feared but not yet experienced in reality.”
Member Only Content
To continue reading, purchase this article or become a member.
*Already have an account? Click here to login