‘Exponential’ claims pushes IT security laggards out of cyber market

‘Exponential’ rise in claims pushes IT security laggards out of cyber market; rates spike for others

Ken Crerar, CEO of CIAB

A spike in cyber claims has insurers walking away from clients with weaker IT security and pressing major rate increases and stricter terms on even the most secure companies, a quarterly survey by the Council of Insurance Agents & Brokers (CIAB) has shown.

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CIAB, Survey, Cyber claims, Insurance, Reinsurance, Ken Crerar, Global

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‘Exponential’ rise in claims pushes IT security laggards out of cyber market; rates spike for others

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