Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Total global losses from cyber-crime stood at $445 billion as of June 2014. (Photo: Thinkstock/DragonImages)

The cyber risk insurance market is experiencing rapid development, with the rise of global gross written premiums from $850 million in 2012 to an estimated $2.5 billion in 2014, revealed a new report from Timetric. A growing number of cyber attacks and the increasing reliance of businesses upon technology for operational capabilities and storing data are responsible for the traction the cyber risk insurance market is gaining. But insurance firms are responding slowly to this rising demand, and there is still a number of imperfections in the market that is leading to a sub-optimal outcome.

This premium content is locked for
PropertyCasualty360 subscribers only.

Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.