Peak Re’s Edward Shen says further capital support and accumulation management are key to maintaining the cyber market’s growth.
The cyber insurance market has witnessed significant growth over the past decade, yet there remains substantial room for expansion, particularly among SMEs and consumer segments.
If cyber reinsurance premium continues to grow at the 17 percent compound annual growth rate forecast by Gallagher Re, it could rival the property reinsurance market in size within 15 years. However, the journey is fraught with challenges, particularly in managing aggregate accumulation…
