Moody’s RMS’ Damini Mago explores the evolution of cyber modelling.
Cyber represents a sizeable insurance market, with current global cyber premiums valued at $11.9bn. As businesses grow increasingly reliant on digital infrastructure and cyber threats become ever more sophisticated, by 2027, the market is set to reach $29.2bn.
But last year’s hardened market highlighted insufficient levels of cyber capacity, as insurers remain unsure about systemic aggregation risks. Vital risk diversification for cyber is difficult using traditional parameters…
