Insurers require better collection, aggregation and sharing of cyber insurance premium, loss and exposure data to meet the need for more detailed and accurate risk assessment and pricing.
Existing Cyber customers are looking for higher limits, new customers are buying coverage, and companies of all sizes are looking for ways to transfer risk.
Aspen Insurance Holdings Ltd. hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa.
When assessing the potential impact of technology in transforming their business, insurers should be focusing on the long-term opportunities and threats posed by emerging exposures.