S&P sees cyber growth in LatAm and Asia

The global cyber insurance market could grow by as much as 10% over the next three years – even higher if insurers expand into the SME market or a major cyber event sends rates upwards, according to S&P Global Ratings.
However, it is not all blue skies. Cyber re/insurers face pricing pressure and increased competition in mature markets, especially the US, the world's largest cyber market, where already thin margins are drifting towards rate inadequacy.