“Around 90% of ILS fund managers are concerned about the potential for silent cyber exposure within their funds, said S&P, quoting PCS, a Verisk business and provider of catastrophe data.
‘Since silent cyber claims can have a detrimental impact on other insurance lines of business, ILS funds with exposure to operational or property risk already carry the costs of silent cyber risk,’ the report went on to say.”
Source: ILS Investors Could Help Fill Cyber Re/Insurance Protection Gap if Hurdles Are Overcome