How cyber risk management can reduce friction between brokers and underwriters

19-04-2022

As cyber risk has changed, so has the cyber insurance market. Attacks make newspaper headlines almost daily, particularly the growing number of ransomware attacks. As a result of the increase in both amount and the severity of attacks happening across the world (SonicWall Capture Labs recorded more than 495 million ransomware attacks globally in 2021—close to a 100 percent increase from 2020), the market is appearing to ‘harden’ and friction is occurring between the three stakeholders of the insurance value chain: insureds, brokers and underwriters. 


KYND, Cyber Risk, Technology, Cyber, Ransomware, Insurance, Reinsurance, Andy Thomas, UK

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