Cyber Insurance Competition Up, Prices Down

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Cyber Insurance
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Governance & Risk Management

Credit Rating Business Says Cyber Insurance Market ‘Poised for Significant Growth’

Moody's Ratings: Cyber Insurance Competition Up, Prices Down
New underwriters satisfying the exploding demand for cyber insurance may decrease premiums a little. (Image: Shutterstock)

The cyber insurance market is poised to explode amid surging demand that could lead to decreases in insurance premiums caused by new market entrants, close observers say.

New players are underwriting policies despite concerns over the systemic risk that cyber incidents can pose, leading to a “moderate” decrease in insurance premiums after several years of rate…

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