The CEO of Zurich Insurance Group, Mario Greco, was interviewed by the Financial Times and warned that large-scale cyberattacks are spreading and will “become uninsurable”. Read more on the Financial Times here.
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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...
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