Worldwide newsApril 13, 2022Cyber insurance is the fastest growing product segment in the US

Fitch reports that cyber insurance sees rapid premium growth and contemporarily declining loss ratios, representing the fastest growing segment in the US. In 2021, the standalone and packaged cyber statutory direct written premiums increased by a staggering 74% in 2021 to nearly $5 billion compared with 9% growth for the property/casualty (P/C) industry overall. Find out more on this Fitch wire.