Cyber ​​Insurance Market Shows Signs of Stabilization: Risk Strategies – Business Insurance

A report from Risk Strategies, a U.S.-based insurance broker, says the cyber insurance market has suffered from cyber attacks after years of sharp interest rate hikes amid tough underwriting conditions and rising cyber market maturity and awareness. has slowed and is beginning to stabilize, reports Reinsurance News. Nevertheless, we expect insurers to remain vigilant and continue to limit their exposure to ransomware claims and coordinated events.

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