Are we close to a billion-dollar cyber risk loss year?

Back in 2017, the notion of a billion-dollar cyber risk loss year was probably unthinkable. That was the worst year the affirmative cyber market had seen so far. Merck and Equifax put combined limits of $400 million to good use, and the NotPetya ransomware cyber attack showed via the property market that the year could have been worse if more of that limit had been shifted to the affirmative cyber sector.