Cyber Insurance Premiums to Spike 30% this Year, Predicts Risk Strategies — But a Silver Lining?

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2022’s increase will be on top of 50% hike in ’21, report says.

“But conditions will likely improve for buyers, Risk Strategies CEO John Mina said in the report. ‘Sustained rate increases have attracted new entrants and over time underwriting capacity will expand and rate increases stabilize,’ he said.”

Read the useful report here.

Source: Insurance rates expected to rise again this year | Business Insurance

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.

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