"While there have been a few private cyber ILS transactions in the past, the industry is still waiting for the first 144a cat bond," Brittany Baker, vice president of solution consulting at CyberCube, wrote in a report. "2023 is ripe for this to occur due to more sophisticated modeling, the development of industry exposure databases, and an increased understanding of cyber risk across the necessary stakeholders." (Credit: Zapp2Photo/Shutterstock.com)
In the coming year, reinsurers will work with insurance-linked securities (ILS) fund managers to increase cyber reinsurance capacity, according to a forecast from CyberCube.
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