“(M)ore than half (54%) of respondents found the current state of the cyber insurance market to be unsustainable,” reports the useful survey from KYND Limited, a provider of cyber risk management services. The top concern: Systemic risk.
The finding tracks with our reporting on industry concerns about systemic risk, from cyber war exclusions to efforts to model, track and understand major risks.
The report includes an interesting rundown of concerns from 200 surveyed brokers and insurers (the findings about the competition between legacy cyber insurers and new market entrants is also interesting.):
