Cyber insurance market premiums globally are on pace to grow to $14 billion by 2022 Cyber insurance market premiums globally are on pace to grow to $14 billion by 2022. (Photo: Shutterstock)

Three of the top cyber insurance providers’ gross losses could range from 15% to 119% of their estimated 2022 policyholder surplus in a single-event cyber catastrophe event, according to a report published by A.M. Best, “Cyber Insurance Market: Stress Testing the Future.”

The report, using data analysis from Guidewire Software Inc., extrapolates market trends to test and estimate the impact of future cyber attacks on the industry’s capitalization and ratings.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].

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