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

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