“’You all heard the horror stories in ’22 about 150% increases in premium,’ said Bryan Hurd, Seattle-based vice president of Aon cyber solutions…’Now, the market has actually softened,’ he said, with some policyholders seeing renewals at the same rates.
‘If claims continue to grow, you can believe the underwriting is going to be even more stringent 12 to 18 months from now,’ he said.”
Read the report.
Source: Risk managers urged to take advantage of softer cyber market – Business Insurance