Marsh’s U.S. Cyber Market Saw Modest Growth in 2019

March 26, 2020

Cyber insurance take-up continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report.

Marsh’s 2019 Cyber Insurance Purchasing Trends Report found that 42 percent of the broker’s U.S.-based clients purchased cyber insurance last year, up from 38 percent in 2018 and more than double the number of companies that purchased coverage in 2014.

Marsh said there was a modest rise in cyber insurance pricing last year, starting in the second quarter, with the average increasing approximately 3 percent in 2019 after years of declining or flat pricing.

Among the report’s other findings: