ZURICH, Aug. 17, 2018 /PRNewswire/ — Cyber insurance offerings and premium volumes have expanded sizeably. Keeping up with demand is challenging and sustainable growth in the cyber insurance market should not be taken for granted, as accumulation risks need to be addressed in the context of a hyperconnected digital world.
The study ‘Advancing Accumulation Risk Management in Cyber Insurance’, released by The Geneva Association, the leading international think tank of the insurance industry, identifies three prerequisites to ensure sustainability of cyber insurance. First, customers and insurers must facilitate resilience at the source of risk. Second, insurers need to make an acceptable return on…
