How Can the Cyber Insurance Market Increase Capacity? It’s Spelled I-L-S, Says Verisk

ILS= Insurance Linked Securities, which are financial instruments supporting retrocession, or reinsurance for reinsurers.

Verisk surveyed ILS funds on their appetite for cyber insurance. “Thirteen ILS funds, representing nearly $60 billion in AuM, reported they are interested in providing cyber reinsurance protection. Most of them have never done so before. Eight of those funds — $41 billion in AuM — would like to provide cyber reinsurance this year.”

Source: The Cyber Insurance Market Needs More Money

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.