2017 Survey of Cyber Insurance Market Trends

October 24, 2017

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Helping you keep track of the latest market developments and challenges in this fast-changing area of insurance. Some of this year’s survey results are particularly interesting. For example:

  • Over 45% of respondents reported that recent major cyber events have not notably impacted underwriting and/or pricing
  • ‘Not understanding Cyber exposures’ still tops the board for failed sales
  • Almost 45% reported insureds frequently switching from endorsements to stand-alone policies at renewal
  • Only 24% of respondents think the GDPR will have a significant impact on the take-up rate for Cyber insurance in Europe

 

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