Shay Simkin, global head of cyber, Howden
Opportunistic underwriting has fled to the mountains, leaving an unstable cyber market with high rates and restricted capacity: Howden.
A supply and demand imbalance is driving the cyber market, with claims rising, capacity shrinking and underwriting profitability under pressure, according to Howden’s latest report “Cyber Insurance: A Hard Reset”, launched in July.
Shay Simkin, global head of cyber at Howden, sat down with the Re/Insurance Lounge, Intelligent Insurer’s digital hub for interviews, debates and panel discussions, to discuss the report and his thoughts on the future of the cyber market.
“It will be interesting to see how governments and regulators deal with the payment of ransomware.” Shay Simkin, Howden
Howden, Cyber Capacity, Digital Pandemic, Technology, Insurance, Reinsurance, Shay Simkin, London, UK