Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk

Overview

Cyber insurance has become a significant issue for insurers. From being a diversifying, secondary line and another endorsement on a policy, cyber insurance has become a primary component of a corporation’s risk management and insurance purchasing decisions. Insurers urgently need to reassess all aspects of their cyber risk, including their appetite, risk controls, modeling, stress testing and pricing, to remain a viable long-term partner dealing with cyber risk.

Download a copy of our Best’s Market Segment Report to learn more about:

  • The impact of recent events on the cyber insurance market
  • What insurers need to understand about the cyber insurance market’s risks
  • How insurers can adjust their risk management approach to better navigate this market