“At a time when the need for cyber insurance has never been more clear, brokerages have spent much of 2021 decreasing coverage and increasing rates. But on Friday, tucked into a Reuters story, a big shoe appeared to drop: Lloyds of London, the carrier holding nearly a fifth of the cyber insurance market, discouraged its syndicate from taking cyber business in 2022.”
Report includes interesting analysis on the impact of these industry changes on the ransomware business itself.
Source: As the cyber insurance bubble begins to burst, the market scrambles for a new approach | SC Media