Cyber Insurance Market To Reach $7.5B By 2020, Attracting Disruptors

Monday, September 14th, 2015 Liability

The cyber insurance market will triple in size to $7.5 billion in annual premiums by 2020 and the insurance industry could face competition from disruptors such as Google (GOOGL.O) if it does not act fast to develop products, a report said. Insurers and reinsurers are charging high prices for cyber cover and putting a ceiling on potential losses, deterring companies from buying cyber polices, consultancy PwC said in the report. Some insurers have kept out of the market, wary of the risks involved.


External References & Further Reading
http://www.reuters.com/article/2015/09/13/us-cyber-insurance-survey-idUSKCN0RD0XO20150913
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