CYBER INSURANCE GROWTH
While cyber insurance offerings have expanded recently, the ability to keep up with demand for cyber insurance cover is a continuing challenge, and sustainable growth in the cyber insurance market should not be taken for granted, according to a new study by The Geneva Association, an insurance industry think tank.
The study identified three prerequisites to ensure the sustainability of cyber insurance:
- Customers and insurers must facilitate resilience at the source of risk
- Insurers need to make an acceptable return on capital
- Available capital must absorb shocks from accumulation risks
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