Correction Coming in Cyber Insurance Premiums: Tokio Marine 

Where do premiums end up? And with what controls and limits?

“‘For all the work done by the cyber insurance marketplace to achieve rate, there still needs to be a correction to some extent,’ said Jacob Ingerslev, head of Cyber & Tech Underwriting at Tokio Marine HCC. ‘Despite all of the changes – all the price changes and reductions and the underwriting requirements – it only moved the loss ratio several points down. If you look at the top 10 carriers, half aren’t making money.’”

Source: ‘It’s Not Been Fun’: Cyber Insurance Brokers Seek Consistency as Hard Market Settles