Insurers Must Totally Reassess Approach to 'Grim' Cyber Insurance Market: AM Best
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,” according to an AM Best report. According to the global rating agency’s analysts, insurers “urgently need to reassess all aspects of their cyber risk, including their appetite, risk controls, modeling, stress testing and pricing, to remain a viable long-term partner dealing with ...
Source: insurancejournal.com