$12.5 billion in “Hidden Loss Potential” Overhangs US Cyber Insurance Carriers  

“The study, entitled ‘Spotlight on Cyber: A study of aggregation risk in the US property insurance market,’ noted that sufficient cyber risk is amassing in the market to trigger a one-in-100-year loss of $12.5 billion. The loss is so significant, that the study says it is enough to cause a downward transition of the Best’s Capital Adequacy Ratio (BCAR) for 18 US property carriers.”

The study is from CyberCube, AM Best and AON. Get the study here. 

Source: Hidden cyber risk in US property insurance has $12.5 billion loss potential – report | Insurance Business America

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.