Although cyber risk premiums have expanded sizeably in years and loss ratios compare favourably relative to other product lines, sustainable growth of the cyber insurance market should not be taken for granted. In our new report we identify three fundamental prerequisites to make cyber risk insurable. Despite recent advances, cyber risk creates unprecedented challenges; most notably accumulation risk, which is at the heart of many concerns about cyber risk. 

The cyber landscape is evolving rapidly, with digitalisation expanding the range of threats and vulnerabilities. This process is amplified by shifts in working and business practices brought on by COVID-19, some of which are likely to persist. Ransomware and supply chain attacks in particular have become more prolific since the onset of the pandemic and with them wider recognition of the potential for large-scale economic disruption from malicious cyber incidents.

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