Reinsurance broker Gallagher Re recently launched its Cyber Risk Adjusted Rating (RAR) Index, revealing that its value was 100% higher on January 1st, 2025, compared to January 1st 2020, indicating higher rates-on-line, as the cyber market continues to grow amid an evolving risk landscape.
Moreover, the Cyber RAR Index value saw a notable increase of 62% from 2020 to 2021, which was then followed by a slightly higher growth of 63% between 2021 and 2022, reflecting the higher costs of cyber reinsurance at the time.
From 2022 to 2023, the growth rate slowed considerably to 16%, before shifting downward.
Then, from 2023 to 2024, the Index value declined by 16%, and the downward trend continued into 2024 to 2025, with a further decrease of 22%.
As mentioned, the Cyber RAR Index was 100% higher on January 1st 2025, compared to January 1st 2020, however it was 34% lower than its peak on January 1st 2023.
Ian Newman, Global Head of Cyber, commented: “While it has performed well in recent years, the…
