Ask a cyber liability expert to describe the market and you’re likely to hear words like “dynamic, “revolutionary,” “innovative”—even “radical.” And they wouldn’t be wrong. The cyber market has grown as a result of the agility and creativity of all participants in responding to client demand.

But the standalone cyber market isn’t alone in that agility. Other “traditional” products have been expanding appetite and terms to recognize the global shift toward connectivity and vulnerability to debilitating cyber attacks. Reinsurance markets are the silent—though becoming more vocal—backbone of the industry. The support of the reinsurance market has been critical in facilitating innovation while also forcing a level of analysis that hadn’t been possible in the early days of cyber insurance. All of this is to the buyer’s benefit until the patchwork of coverage in various policies becomes disadvantageous to the entire ecosystem....

Member Only Content

Become a Member

Carrier Management features critical information for P/C Carrier Executives.

Enjoy unrestricted access by becoming a member.

Become a Member

Already a Member